Loan & DebtAug 13, 2026, 07:11 AM
HSBC Tender Offers for 4 Series of Notes: $4.9B Accepted
AI Summary
HSBC Holdings plc announced the results of its tender offers for four series of notes, accepting a total aggregate consideration of approximately $4.9 billion. The company had previously increased the maximum tender amount for the offers to $6.75 billion and the sub-cap for the May 2028 Notes to $1 billion. All validly tendered notes were accepted, except for the May 2028 Notes, which were prorated due to tenders exceeding the sub-cap. The settlement date for the accepted notes is August 17, 2026, with all accepted notes to be cancelled and retired.
Key Highlights
- HSBC accepted $4,897,778,802.80 in aggregate consideration for four series of notes.
- Maximum Tender Amount for the offers increased from $5 billion to $6.75 billion.
- May 2028 Notes Sub-Cap increased from $750 million to $1 billion.
- May 2028 Notes were accepted on a prorated basis at 66.967081%.
- Accepted $1,518,795,000 of September 2028 Notes.
- Accepted $973,368,000 of November 2028 Notes.
- Accepted $1,000,000,000 of May 2028 Notes.
- Accepted $1,402,621,000 of March 2028 Notes.
Price Impact
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