HSBC Holdings $HSBA (-3,37%) announced on Monday the issuance of a series of senior unsecured bonds totaling USD 6.25 billion. This move is aimed at strengthening the company's capital structure. The bonds, which have various fixed and floating interest rates and different maturities, were listed on the New York Stock Exchange.
The issue is composed as follows:
- USD 1.5 billion of 4.899% fixed/floating rate bonds due 2029
- USD 1.75 billion of 5.130% fixed/floating rate notes due 2031
- USD 2.25 billion of 5.450% fixed/floating rate bonds due 2036
In addition, HSBC has issued US$750 million of floating rate notes due 2029 and 2031.
These notes were offered under an existing shelf registration with the U.S. Securities and Exchange Commission (SEC). They are part of an indenture dated August 26, 2009, which was recently updated by the 35th Supplemental Indenture dated the date of issuance.
HSBC, one of the world's leading banking and financial services organizations, had assets of US$3,017 billion as at 31.12.2024. The company is present in 58 countries and territories worldwide.
The offering was made by means of a prospectus supplement and accompanying prospectus filed with the SEC. Interested investors can obtain these documents free of charge from the SEC website or directly from HSBC.
It should be noted that the distribution of this announcement may be restricted by law in certain jurisdictions. The announcement does not constitute an offer or solicitation to subscribe for or purchase bonds if such action would be required outside the United States.
This financial move by HSBC Holdings plc, based on a press release, is intended to provide the company with additional capital for its operations and investments. The listing on the New York Stock Exchange opens up a broad potential investor base for these bonds.