The latest update is out from HSBC Holdings ( (GB:HSBA) ).
HSBC Holdings plc has announced the successful issuance of SGD 800 million in perpetual subordinated contingent convertible securities, which carry a 5.000% interest rate and are callable during any optional redemption period. This issuance, which has been admitted to the Global Exchange Market of Euronext Dublin, is part of HSBC’s strategy to strengthen its capital base and enhance its financial flexibility, potentially impacting its market positioning and providing reassurance to stakeholders about its financial stability.
More about HSBC Holdings
HSBC Holdings plc is a leading global financial services company, headquartered in London, United Kingdom. It operates in the banking industry, providing a wide range of financial products and services including retail banking, wealth management, commercial banking, and global banking and markets. HSBC has a significant market presence in Asia, Europe, the Americas, the Middle East, and Africa, and is listed on several major stock exchanges.
YTD Price Performance: 12.26%
Average Trading Volume: 27,341,787
Technical Sentiment Signal: Sell
Current Market Cap: £156.5B
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