HSBC Capital to redeem all €750 million 5.13% perpetual preferreds

By Marisa Wong

Morgantown, W.Va., Feb. 2 – HSBC Holdings plc announced that HSBC Capital Funding (Euro 3) LP will redeem all €750 million of its outstanding 5.13% non-cumulative step-up perpetual preferred securities.

The preferred securities will be redeemed on March 29 at par plus accrued interest to the redemption date, according to a 6-K filing with the Securities and Exchange Commission.

HSBC is a banking and financial services organization based in London.

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