HSBC to Raise US$2.5 Billion via New Perpetual Contingent Convertible Securities
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HSBC Holdings plans to raise US$2.5 billion through the issuance of perpetual subordinated contingent convertible securities. The offering includes 6.750% notes callable in 2031 and 7.000% notes callable in 2036. This move aims to enhance HSBC's regulatory capital base and funding flexibility, while also tapping into global debt markets. The securities will be listed on Euronext Dublin and are part of an existing SEC shelf registration, allowing HSBC to access diversified capital sources in line with regulatory frameworks.
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