HSBC issues $2.5 billion in convertible securities

SighingCashier · 2026-03-18T01:16:21+00:00

HSBC plans to issue convertible securities with a total value of $2.5 billion to strengthen its capital base. If automatically converted, they will be converted into approximately 693 million ordinary shares, accounting for about 3.88% of the share capital.

SighingCashier

2026-03-18 01:16:21

Abstract generation in progress

HSBC (00005) plans to issue perpetual subordinated or contingent convertible securities with a total value of $1.25 billion at a 6.75% coupon, and perpetual subordinated or contingent convertible securities with a total value of $1.25 billion at a 7% coupon. The total proceeds are expected to be $2.5 billion, with a net amount of approximately $2.475 billion, to be used for general corporate purposes and to maintain or further strengthen the company’s capital base in accordance with relevant regulations.

HSBC stated that in the event of an automatic conversion, assuming all relevant securities are converted at the initial conversion price of $3.6061 per share, the securities will be converted into approximately 693 million ordinary shares, representing about 3.88% of the enlarged share capital.

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