IN BRIEF: HSBC to issue securities worth SGD800 million
HSBC Holdings PLC - London-based, China-focused bank - Announces intention to issue, on Monday, 5.000% resettable perpetual subordinated contingent convertible securities worth SGD800.0 million or GBP463.7 million. Says application will be made for them to be admitted to London's Official List and to Euronext Dublin's Global Exchange Market on or around the issue date, with denominations of SGD250,000. DBS Bank Ltd, United Overseas Bank Ltd, and Oversea-Chinese Banking Corp Ltd will be joint lead managers along with co-managers CIMB Bank Berhad, Singapore Branch and Malayan Banking Berhad. "Managers" also includes sole global coordinator and joint bookrunner the Hongkong & Shanghai Banking Corp Ltd, Singapore Branch. Read More