21st Sep 2018 07:58
LONDON (Alliance News) - HSBC Holdings PLC said Friday it intends to issue GBP1.00 billion worth of 5.875% perpetual subordinated contingent convertible securities.
The FTSE 100-listed bank will issue the securities and said that they will become callable at the end on September 28, 2026 and "every five years thereafter".
HSBC expects the securities to be admitted to trading on the global exchange market of the Irish Stock Exchange, within 30 days from the issue date set for Friday next week.
HSBC Bank PLC is acting as sole structuring adviser and bookrunning manager.
"The denominations of the Securities will be GBP200,000 and integral multiples of GBP1,000 in excess thereof," the bank explained.
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