HSBC Holdings Plans to Issue US$3 Billion Worth of Securities at 6%
May 15 2017 - 8:51PM
Dow Jones News
By Chester Yung
HSBC Holdings PLC (HSBC) said Tuesday it plans to issue US$3
billion worth of perpetual subordinated contingent convertible
securities at 6% and will use the net proceeds for general
corporate purposes as well as to strengthen the bank's capital
base.
The London-based lender said the perpetual securities will be
callable on May 22, 2027 and every five years thereafter.
Write to Chester Yung at chester.yung@wsj.com
(END) Dow Jones Newswires
May 15, 2017 20:36 ET (00:36 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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