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Prospect News home > News index > List of issuers H > Headlines for HSBC Holdings plc > News item
Published on 3/23/2015 in the Prospect News Investment Grade Daily and Prospect News Preferred Stock Daily.

HSBC talks subordinated contingent convertible notes at 6.625% area

By Aleesia Forni

Virginia Beach, March 23 – HSBC Holdings plc set price talk on Monday for a planned benchmark offering of subordinated contingent convertible perpetual tier 1 notes in the 6.625% area, according to a market source.

The notes (Baa3//BBB) become callable on March 3, 2025 and every five years thereafter.

HSBC Securities (USA) Inc. is the bookrunner.

The London-based banking institution plans to use the proceeds from the offering for general corporate purposes.


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