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HSBC To Repurchase GBP3.40 Billion Worth Of 2021 Notes

Fri, 5th Jun 2020 15:07

(Alliance News) - HSBC Holdings PLC on Friday said it will repurchase USD3.30 billion worth of the USD10.00 billion outstanding 2021 notes pursuant to a tender offer.

Shares in the FTSE 100-listed bank were up 5.9% at 422.90 pence in London in afternoon trading.

Of the USD3.00 billion of 3.400% senior unsecured notes due 2021 notes outstanding, USD1.84 billion were tendered and accepted. The aggregate consideration was USD1.88 billion.

In addition, of the USD2.50 billion of 5.100% senior unsecured notes due 2021 outstanding, USD1.47 billion were tendered and accepted. The aggregate consideration for these was USD1.52 billion.

By Anna Farley; annafarley@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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