HSBC Holdings plc (LSE:HSBA) has completed the issuance of $1.5 billion in perpetual subordinated contingent convertible securities, according to a press release.
The securities carry a 6.750% coupon rate under ISIN US404280FR58. The issuance follows a securities terms agreement with underwriters dated May 11, 2026, with all conditions satisfied or waived.
The securities are callable during any optional redemption period. HSBC has applied to Euronext Dublin for listing on the Official List and trading on the Global Exchange Market.
The offering was made through an effective shelf registration statement on Form F-3 filed with the SEC. The bank offered the securities solely through a prospectus supplement and accompanying prospectus.
HSBC noted the securities are complex financial instruments with high risk and are not suitable for all investors, particularly retail investors. They cannot be offered to retail clients in the UK under FCA regulations.
HSBC Holdings plc is headquartered in London and serves customers in 56 countries. The bank reported assets of $3.306 trillion as of March 31, 2026.
