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HSBC Holdings ( (HSBC) ) has shared an update.
HSBC Holdings plc has announced its decision to redeem its US$1.75 billion Fixed/Floating Rate Notes and US$500 million Floating Rate Senior Unsecured Notes, both due in 2026. The redemption will occur on March 10, 2025, and involves paying a redemption price of US$1,000 per principal amount, along with accrued interest. This move is part of HSBC’s financial strategy, potentially impacting stakeholders by altering the company’s debt profile and affecting overall investor returns.
More about HSBC Holdings
HSBC Holdings plc, headquartered in London, is one of the world’s largest banking and financial services organizations with assets totaling US$3,099 billion as of September 30, 2024. It operates globally, serving customers in 60 countries and territories.
YTD Price Performance: 7.15%
Average Trading Volume: 1,143,473
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $183.2B
Learn more about HSBC stock on TipRanks’ Stock Analysis page.
