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HSBC issues USD 1.5 billion 6.75% perpetual subordinated contingent convertible securities

PUBT·05/12/2026 00:01:12
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HSBC issues USD 1.5 billion 6.75% perpetual subordinated contingent convertible securities
  • HSBC Holdings plc to issue USD 1.5 billion 6.750% Perpetual Subordinated Contingent Convertible Securities on May 18, 2026.
  • Interest fixed at 6.750% to May 18, 2033; resets every five years at 5-year Treasury reference rate plus 2.513%.
  • Issuer may redeem in whole during any optional redemption period starting six months before each reset date; holders have no redemption rights.
  • Automatic conversion into ordinary shares triggered if CET1 ratio falls below 7.0%; initial conversion price set at USD 3.68 per share.
  • Net proceeds expected at USD 1.49 billion for general corporate purposes, including supporting capital.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HSBC Holdings plc published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260512-12155634), on May 12, 2026, and is solely responsible for the information contained therein.