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IN BRIEF: HSBC sets tender offer for USD1 billion in convertible bonds

Provided by Alliance News Nov 5, 2026, 2:10:16 PM

HSBC Holdings PLC - London-based, China-focused bank - Launches tender offer on Thursday for up to USD1.00 billion in bonds. The offer is for the bank's 6.00% perpetual subordinated contingent convertible securities, of which USD3.00 billion are outstanding. The CoCos are callable in May 2027 and every five years thereafter. The purchase price will be 100.50% of face, meaning HSBC will pay up to USD1.01 billion buying back the bonds. HSBC says the tender offer is to proactively manage its Tier 1 capital base.

Current stock price: 1,335.40 pence, up 1.3% in London on Thursday

12-month change: up 23%

By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

Copyright 2026 Alliance News Ltd. All Rights Reserved.

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