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Share Price Information for HSBC Holdings (HSBA)

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Share Price: 696.40
Bid: 693.50
Ask: 693.70
Change: 3.60 (0.52%)
Spread: 0.20 (0.029%)
Open: 693.90
High: 696.40
Low: 691.00
Prev. Close: 692.80
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HSBC Prices Issue Of 2027 Notes At Principal Amount Of USD2.00 Billion

Wed, 18th Nov 2020 17:40

(Alliance News) - HSBC Holdings PLC said Wednesday it has priced a new issuance of 1.589% fixed rate and floating rates senior unsecured notes due 2027 at an aggregate principal amount of USD2.00 billion.

On Tuesday, the Asia-focused lender announced plans to launch nine separate offers to purchase outstanding series of debt notes with an aggregate outstanding principal amount of USD8.26 billion.

HSBC explained that the purpose for the offers it improve its liabilities structure, as the notes no longer qualify as eligible liabilities items under EU regulation once they have a residual maturity of less than 12 months. The offers are independent of each other, it noted.

Shares in HSBC closed 2.2% higher at 384.80 pence on Wednesday in London.

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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