25th Nov 2020 12:45
(Alliance News) - HSBC Holdings PLC said Wednesday it has agreed to buy back USD2.00 billion for six series of notes.
The majority of the tender offer was for the lender's 4.000% senior unsecured notes due March 2022. HSBC saw USD1.05 billion of notes accepted for cash for its March 2022 notes, which still have just under GBP1.00 billion outstanding.
HSBC noted USD495.6 million was accepted for its 2.950% senior unsecured notes due May 2021, USD111.1 million was accepted for its 2.650% senior unsecured notes due January 2022, USD20.7 million was accepted 4.875% senior unsecured notes due January 2022, and USD238.8 million was accepted for its floating rate senior unsecured notes due January 2022.
Shares in HSBC were 0.3% higher in London on Wednesday at 400.85 pence each.
Earlier Wednesday, the Asia-focused lender confirmed it its delisting from the Euronext stock market in Paris.
HSBC announced at the end October that it was planning to delist from Euronext in Paris after reviewing costs and trading volumes.
The decision has now been approved by the board of directors.
"The delisting will have no impact on HSBC's day-to-day operations in France or in Continental Europe, where HSBC remains committed to its plans to be a leading international bank in Europe. It will also not impact HSBC's other listings on the London Stock Exchange, the Stock Exchange of Hong Kong Ltd, the New York stock exchange or the Bermuda stock exchange," HSBC added.
By Paul McGowan; [email protected] and Greg Roxburgh; [email protected]
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