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Name | Symbol | Market | Type |
---|---|---|---|
HSBC Holdings PLC | NYSE:HSBC | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.21 | 0.47% | 44.66 | 44.79 | 44.50 | 44.74 | 135,592 | 14:59:28 |
By Joanne Chiu
HSBC Holdings Plc (0005.HK) plans to raise US$2.0 billion by selling perpetual subordinated contingent convertible securities in a bid to strengthen capital base.
The global banking giant said Wednesday that it will issue perpetual subordinated contingent convertible securities to at least six independent investors on June 1.
The convertible securities, which carry an annual interest of 6.874%, are callable in June 2021 and every five years thereafter, it said.
Write to Joanne Chiu at joanne.chiu@wsj.com
(END) Dow Jones Newswires
May 24, 2016 20:02 ET (00:02 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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