BondsMedium•5 November 2026•
1 min read
HSBC Announces $1 Billion Cash Tender Offer for Perpetual Securities
Key Facts
1HSBC plans to launch a cash tender offer for up to $1 billion of its 6.000% perpetual subordinated contingent convertible securities.
2The bank intends to use the offer to proactively manage its Tier 1 capital base.
3The tender is conditioned on the successful issuance of a new series of perpetual subordinated contingent convertible securities.
HSBC plans to launch a cash tender offer for up to $1 billion of its 6.000% perpetual subordinated contingent convertible securities. Securities.io reported that the bank intends to use the offer to proactively manage its Tier 1 capital base.
The tender is conditioned on the successful issuance of a new series of perpetual subordinated contingent convertible securities on terms satisfactory to HSBC. The offer is scheduled to expire on November 19, 2026, with accepted securities receiving $1,005 per $1,000 of principal, and settlement is expected on November 24, 2026.