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HSBC HSBC Holdings PLC

44.66
0.21 (0.47%)
Last Updated: 14:59:28
Delayed by 15 minutes
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

HSBC to Issue US$2 Billion Perpetual Subordinated Contingent Convertible Securities

25/05/2016 1:17am

Dow Jones News


HSBC (NYSE:HSBC)
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   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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