HSBC Completes Tender Offers for $1B in Notes

TL;DR

HSBC bought back $1B of its notes, settlement Nov 21.

AI Summary

HSBC Holdings plc announced on November 19, 2024, the results of its tender offers for two series of outstanding notes. The company has accepted all tendered notes for purchase, with the aggregate principal amount of notes accepted for purchase being $1.00 billion. The settlement date for these purchases is expected to be November 21, 2024.

Why It Matters

This action indicates HSBC is actively managing its debt structure, potentially optimizing its cost of capital and financial flexibility.

Risk Assessment

Risk Level: low — The filing is a routine announcement of tender offer results, with no new material risks introduced.

Key Numbers

• $1.00 billion — Notes Accepted for Purchase (Total principal amount of outstanding notes HSBC has agreed to buy back.)

Key Players & Entities

• HSBC Holdings plc (company) — Filer and issuer of notes
• November 19, 2024 (date) — Date of announcement
• $1.00 billion (dollar_amount) — Aggregate principal amount of notes accepted for purchase
• November 21, 2024 (date) — Expected settlement date

FAQ

Key Financial Figures

• $1,500,000,000 — ue 2025 404280AU3 August 18, 2025 $1,500,000,000 $486,074,000.00 $486,074,000.00 $
• $486,074,000.00 — U3 August 18, 2025 $1,500,000,000 $486,074,000.00 $486,074,000.00 $484,615,778.00 4
• $484,615,778.00 — 0 $486,074,000.00 $486,074,000.00 $484,615,778.00 4.375% Subordinated Notes due 2026
• $609,730,000.00 — November 23, 2026 $1,500,000,000 $609,730,000.00 $609,730,000.00 $608,095,923.60 &
• $608,095,923.60 — 0 $609,730,000.00 $609,730,000.00 $608,095,923.60         &
• $1,092,711,701.60 —   Total Consideration   $1,092,711,701.60   (1) These amounts include th
• $3,099b — tries and territories. With assets of US$3,099bn at 30 September 2024, HSBC is one of t

Filing Documents

• a8146m.htm (6-K) — 45KB
• 0001654954-24-014640.txt ( ) — 46KB

Forward-looking statements may be identified by the use of terms

Forward-looking statements may be identified by the use of terms such as 'believes,' 'expects,' 'estimate,' 'may,' 'intends,' 'plan,' 'will,' 'should,' 'potential,' 'seek,' 'reasonably possible' or 'anticipates' or the negative thereof or similar expressions, or by discussions of strategy. We have based the

forward-looking statements on current expectations and projections

forward-looking statements on current expectations and projections about future events. These forward-looking statements are subject to risks, uncertainties and assumptions about us, as described under 'Risk Factors' in the Offer to Purchase. We undertake no obligation to publicly update or revise any forward-looking or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events discussed herein might not occur. You are cautioned not to place undue reliance on any

forward-looking statements, which speak only as of their

forward-looking statements, which speak only as of their dates.   ends/more   Investor enquiries to:   Greg Case                            +44 (0) 20 7992 3825                           investorrelations@hsbc.com   Media enquiries to:   Press Office                          +44 (0) 20 7991 8096                           pressoffice@hsbc.com   Note to editors:   HSBC Holdings plc HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 60 countries and territories. With assets of US$3,099bn at 30 September 2024, HSBC is one of the world's largest banking and financial services organisations.   ends/all         SIGNATURE   Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.       HSBC Holdings plc       By:   Name: Aileen Taylor   Title: Group Company Secretary and Chief Governance Officer       Date: 19 November 2024

View Full Filing

View this 6-K filing on SEC EDGAR