HSBC details redemption of capital notes totaling $500 million

By Mary-Katherine Stinson

Lexington, Ky., Aug. 15 – HSBC Bank plc reported details of its previously announced redemption of $500 million of undated floating-rate primary capital notes (ISIN: XS0015190423), according to a 6-K filing with the Securities and Exchange Commission.

The redemption, scheduled for the interest payment date expected to be Sept. 29, will be at par plus accrued interest from and including March 31 to the redemption date.

Interest will cease to accrue on the redemption date.

The notes will be delisted and canceled on or around Oct. 2.

HSBC is a London-based banking and financial services company.

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