HSBC to Raise US$2.5 Billion via New Perpetual Contingent Convertible Securities

HSBC Holdings ( (GB:HSBA) ) has provided an announcement.

HSBC Holdings plans to issue US$2.5 billion in perpetual subordinated contingent convertible securities, split evenly between 6.750% notes callable during any 2031 optional redemption period and 7.000% notes callable during any 2036 optional redemption period. The securities, which are structured as Additional Tier 1-style capital instruments and will trade in large denominations, are expected to be listed on Euronext Dublin’s Global Exchange Market, supporting HSBC’s regulatory capital base and funding flexibility while signalling continued use of global debt markets for capital management.

The issuance will be conducted under an existing SEC shelf registration and offered via a prospectus supplement and base prospectus filed with the U.S. regulator. By tapping international investors through a listed contingent convertible structure, HSBC reinforces its access to diversified capital sources and maintains alignment with prevailing regulatory capital frameworks in major financial jurisdictions.

More about HSBC Holdings

HSBC Holdings plc is a global banking and financial services group headquartered in London, with its shares listed in multiple markets including Hong Kong. The company provides a broad range of services spanning retail and commercial banking, wealth management and capital markets activities to customers worldwide.

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