Loan & DebtJul 30, 2026, 01:01 PM
HSBC to Redeem £1B Perpetual Subordinated Securities
AI Summary
HSBC Holdings plc announced its election to redeem in whole its £1,000,000,000 5.875% Perpetual Subordinated Contingent Convertible Securities. The redemption will occur on September 28, 2026, at a price of £1,000 per £1,000 principal amount, plus accrued and unpaid interest. The company also plans to delist these securities from Euronext Dublin on the redemption date.
Key Highlights
- HSBC Holdings plc will redeem £1,000,000,000 5.875% Perpetual Subordinated Contingent Convertible Securities.
- The redemption date is September 28, 2026.
- The redemption price is £1,000 per £1,000 principal amount.
- Accrued but unpaid interest from March 28, 2026, to September 28, 2026, will also be paid.
- The record date for interest payment is September 25, 2026.
- The securities will be delisted from the Global Exchange Market of Euronext Dublin on the redemption date.
Price Impact
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