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HSBC Holdings PLC - Asia-focused lender - Launches an invitation to holders of six outstanding notes due between 2023 and 2046 sell back the notes they hold. The pricing will be announced at or around 1500 GMT next Monday, and the tender offer will expire at 2200 GMT that day.
HSBC offers to buy back £300.0 million in 6.5% subordinated notes due July 2023 and $300.0 million 7.65% is subordinated notes due May 2025. Further, the bank offers to buy back £350.0 million in 5.375% subordinated notes due November 2030 with a call date of November 4, 2025.
HSBC offers to buy back £500.0 million in 5.375% subordinated notes due August 2033, GBP 225.0 million in 6.25% subordinated notes due January 2041, and £600.0 million in 4.750% subordinated notes due March 2046.
Current stock price: 476.90 pence, down 2.7% on Monday
12-month change: up 10%
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