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HSBC Capital Funding calls $1.25 billion 4.61% perpetual preferreds
By Marisa Wong
Madison, Wis., May 14 - HSBC Holdings plc gave notice that HSBC Capital Funding (Dollar 2) LP will redeem its $1.25 billion of 4.61% noncumulative step-up perpetual preferred securities on June 27.
The preferred securities will be redeemed at par plus accrued interest.
HSBC Holdings is the London-based parent company of financial services company HSBC Group.
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