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HSBC to Fully Redeem US$1bn Contingent Convertible Securities in March 2026

Story Highlights
  • HSBC will redeem US$1bn of 4.000% contingent convertible securities at par on 9 March 2026.
  • Security holders receive accrued interest and the notes will be delisted from Euronext Dublin.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
HSBC to Fully Redeem US$1bn Contingent Convertible Securities in March 2026

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HSBC Holdings ( (GB:HSBA) ) just unveiled an announcement.

HSBC Holdings plc has elected to redeem in full its US$1bn 4.000% perpetual subordinated contingent convertible securities on 9 March 2026, at par value of US$1,000 per US$1,000 principal amount. Holders of record on 22 February 2026 will also receive accrued but unpaid interest from 9 September 2025 up to but excluding the redemption date, after which interest will cease to accrue.

Investors are instructed to surrender their securities to HSBC Bank USA’s New York office for payment processing in line with the indenture terms. HSBC has also requested that these contingent convertible securities be delisted from the Global Exchange Market of Euronext Dublin on the redemption date, simplifying its capital structure and removing the instruments from public trading.

The most recent analyst rating on (GB:HSBA) stock is a Hold with a £11.90 price target. To see the full list of analyst forecasts on HSBC Holdings stock, see the GB:HSBA Stock Forecast page.

Spark’s Take on GB:HSBA Stock

According to Spark, TipRanks’ AI Analyst, GB:HSBA is a Outperform.

HSBC’s strong financial performance and positive earnings call are the most significant factors driving the score. The technical analysis supports a positive outlook, while valuation metrics are reasonable. Corporate events further bolster confidence in the company’s future.

To see Spark’s full report on GB:HSBA stock, click here.

More about HSBC Holdings

HSBC Holdings plc is the London-headquartered parent company of HSBC, one of the world’s largest banking and financial services organisations. The group serves customers worldwide from offices in 57 countries and territories and reported assets of US$3,234bn as of 30 September 2025, reflecting its broad global footprint and systemic importance in international finance.

Average Trading Volume: 21,236,677

Technical Sentiment Signal: Buy

Current Market Cap: £224.3B

For detailed information about HSBA stock, go to TipRanks’ Stock Analysis page.

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