HSBC plans to redeem $400 million in outstanding floating-rate notes

By Tanya Meyer

Chicago, Jan. 14 – Hongkong and Shanghai Banking Corp. Ltd. (HSBC) announced plans to redeem $400 million in primary capital, undated floating-rate first series notes.

All of the outstanding notes will be redeemed on Feb. 29 at the principal amount with accrued interest, according to a news release.

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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