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Business HSBC to issue US$1.5bn in perpetual subordinated contingent convertible securities
HSBC to issue US$1.5bn in perpetual subordinated contingent convertible securities

HSBC announced plans to issue US$1.5bn in perpetual subordinated contingent convertible securities with a 7.625% coupon, raising net proceeds of US$1.485bn for general corporate purposes and capital strengthening. The initial conversion price is set at US$3.6342 per share, potentially issuing up to

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