HSBC Issues $1.5B Subordinated Notes Due 2036
Ticker: HBCYF · Form: 6-K · Filed: Sep 10, 2025 · CIK: 1089113
| Field | Detail |
|---|---|
| Company | Hsbc Holdings PLC (HBCYF) |
| Form Type | 6-K |
| Filed Date | Sep 10, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1,500,000,000, $3,214b |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-issuance, subordinated-debt, fixed-income
TL;DR
HSBC just dropped $1.5B in new debt, due 2036. Watch those rates.
AI Summary
HSBC Holdings plc announced on September 10, 2025, the issuance of US$1,500,000,000 in subordinated unsecured notes. These notes carry a fixed rate of 5.741% and are due in 2036. The issuance is governed by an indenture dated March 12, 2014, with the most recent amendment being the 10th supplemental indenture dated September 10, 2025.
Why It Matters
This issuance impacts HSBC's capital structure and regulatory compliance, potentially affecting its credit rating and investor confidence.
Risk Assessment
Risk Level: medium — Issuing subordinated debt can increase financial leverage and risk for bondholders if the company's financial health deteriorates.
Key Numbers
- US$1.5B — Notes Issued (Amount of subordinated unsecured notes issued by HSBC.)
- 5.741% — Interest Rate (Fixed interest rate on the newly issued notes.)
- 2036 — Maturity Date (Year the subordinated notes are due.)
Key Players & Entities
- HSBC Holdings plc (company) — issuer of notes
- US$1,500,000,000 (dollar_amount) — principal amount of notes issued
- 5.741% (dollar_amount) — fixed interest rate on notes
- 2036 (date) — maturity year of notes
- 10 September 2025 (date) — date of issuance and supplemental indenture
- 12 March 2014 (date) — original indenture date
FAQ
What is the total principal amount of the subordinated unsecured notes issued?
HSBC Holdings plc issued US$1,500,000,000 of subordinated unsecured notes.
What is the fixed interest rate on these notes?
The notes carry a fixed rate of 5.741%.
When are these notes due to mature?
The notes are due in 2036.
What is the date of the supplemental indenture that governs this issuance?
The 10th supplemental indenture, dated 10 September 2025, most recently amended and supplemented the original indenture.
Where will the Notes be listed?
Application will be made to list the Notes on the New York Stock Exchange.
Filing Stats: 560 words · 2 min read · ~2 pages · Grade level 14.5 · Accepted 2025-09-10 11:36:50
Key Financial Figures
- $1,500,000,000 — HSBC Holdings plc has today issued US$1,500,000,000 5.741% Fixed Rate/Floating Rate Su
- $3,214b — tries and territories. With assets of US$3,214bn at 30 June 2025, HSBC is one of the wo
Filing Documents
- a8327y.htm (6-K) — 21KB
- a8327y000.jpg (GRAPHIC) — 2KB
- a8327y001.jpg (GRAPHIC) — 1KB
- 0001654954-25-010596.txt ( ) — 27KB
From the Filing
OF SUBORDINATED UNSECURED NOTES a8327y FORM 6-K   SECURITIES AND EXCHANGE COMMISSION   Washington, D.C. 20549       Report of Foreign Private Issuer   Pursuant to Rule 13a - 16 or 15d - 16 of   the Securities Exchange Act of 1934       For the month of September   HSBC Holdings plc   42nd Floor, 8 Canada Square, London E14 5HQ, England   (Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F).   Form 20-F X         Form 40-F                 10 September   2025   HSBC HOLDINGS PLC ISSUANCE OF SUBORDINATED UNSECURED NOTES   HSBC Holdings plc has today issued US$1,500,000,000 5.741% Fixed Rate/Floating Rate Subordinated Unsecured Notes due 2036 (the ' Notes ') pursuant to an indenture dated 12 March 2014 (as amended and supplemented from time to time and as most recently amended and supplemented by a 10 th  supplemental indenture dated 10 September 2025).   Application will be made to list the Notes on the New York Stock Exchange.       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     Disclaimers   The offering was made pursuant to an effective shelf registration Commission (the 'SEC'). The offering was made solely by means of a prospectus supplement and an accompanying prospectus, which have been filed with the SEC. You may obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov or by writing or telephoning us at either of the following addresses:    Group Company Secretary HSBC Holdings plc 8 Canada Square London E14 5HQ United Kingdom Tel: +44 20 7991 8888   HSBC Holdings plc c/o HSBC Bank USA, National Association 66 Hudson Boulevard East New York, New York, 10001 Attn: Company Secretary Tel: +1 212 525 5000   The distribution of this announcement in certain jurisdictions may be restricted by law. Persons into whose possession this announcement comes are required to inform themselves about and to observe any such restrictions.   This announcement does not constitute an offer or an invitation to subscribe or purchase any of the Notes. No action has been taken in any jurisdiction to permit a public offering of the Notes where such action is required other than in the US. The offer and sale of the Notes may be restricted by law in certain jurisdictions.     For and on behalf of HSBC Holdings plc Aileen Taylor Company Secretary   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 57 countries and territories. With assets of US$3,214bn at 30 June 2025, 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: 10 September 2025