HSBC issues US$4.25 billion through dual-tranche bond sale
HSBC issued US$4.25 billion of senior unsecured notes in two tranches maturing in 2032 and 2037, with plans to list on the New York Stock Exchange.
HSBC (0005), Europe's largest bank, announced on Wednesday that it had issued US$4.25 billion (HK$33.15 billion) of senior unsecured notes in two tranches. The notes are set to mature in 2032 and 2037.
The bank issued US$1.75 billion of 5.819 per cent fixed-rate/floating-rate senior unsecured notes due in 2032. It also issued US$2.5 billion of 6.262 per cent fixed-rate/floating-rate senior unsecured notes due in 2037.
HSBC stated that it would apply to list the notes on the New York Stock Exchange. The bank did not disclose how it plans to use the proceeds from the bond sale.