HSBC Kicks off Tender Offer for $1 Billion Convertible Securities

MT Newswires · 1d ago
03:47 AM EST, 11/05/2026 (MT Newswires) -- HSBC Holdings (HSBA.L) launched a cash tender offer for up to $1 billion in aggregate principal amount of its outstanding $3 billion of 6% perpetual subordinated contingent convertible securities callable on May 22, 2027. The London-listed lender will pay $1,005 per $1,000 of principal amount of the securities accepted under the offer, according to a Thursday filing. The offer expires on Nov. 19.