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Prospect News home > News index > List of issuers H > Headlines for Hongkong and Shanghai Banking Corp. Ltd. > News item |
HSBC to redeem $4 billion in notes due 2024 on May 18
By Mary-Katherine Stinson
Lexington, Ky., April 5 – Hongkong and Shanghai Banking Corp. Ltd. intends to redeem in full its $2 billion of fixed-rate/floating-rate senior notes due 2024 (ISIN: US404280BS77) and its $2 billion of floating-rate senior notes due 2024 (ISIN: US404280BR94), according to a notice.
The redemptions will be at par on May 18.
The redemption date is an interest payment date. Therefore, all accrued interest from and including Nov. 18 to but excluding the redemption date will be payable to the holders of record of the fixed/floating-rate notes as of May 3. All accrued interest from and including Feb. 18 to but excluding the redemption date will be payable to the holders of record of the floating-rate notes as of May 3.
Bank of New York Mellon, London Branch is the trustee.
HSBC is a London-based banking and financial services company with a focus on retail banking and wealth management, commercial banking, global banking and markets and global private banking.
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