CCF now issuer of HSBC notes, second consent fee to be paid for 2025 notes

By Wendy Van Sickle

Columbus, Ohio, Jan. 3 – CCF SFH, formerly HSBC SFH, as issuer announced the completion on Jan. 1 of the transfer by HSBC Continental Europe of its full ownership interest in the issuer and its rights and obligations including in its capacity as borrower, administrator, issuer calculation agent and cash collateral provider, to CCF, formerly Banque des Caraibes SA, and/or to any other entity within My Money Group, according to a pair of notices.

As a result of the transfer, the issuer name was changed to CCF for the €1.25 billion of 0.75% covered bonds due March 22, 2027 (ISIN: FR00140099G0), €750 million of 2.5% covered bonds due June 28, 2028 (ISIN: FR001400AEA1); €500 million of outstanding 2.625% covered bonds due Sept. 7, 2032 (ISIN: FR001400CK81); and €1 billion of 0.5% covered bonds due April 17, 2025 (ISIN: FR0013329638).

To the holders of the €1 billion of 0.5% covered bonds due April 17, 2025 due 2025, a second consent fee will be paid by BNP Paribas as paying agent on Jan. 8 as a result of the holders approving amendments related to the transfer on Dec. 10, 2021.

The banking and financial services company is based in London.

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