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HSBC HOLDINGS Plans to Issue US$1.5B Perpetual Subordinated Contingent Convertible Securities
Recommend 26 Positive 38 Negative 25 |
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HSBC HOLDINGS (00005.HK) announced plans to issue US$1.5 billion 6.95% Perpetual Subordinated Contingent Convertible Securities, with a conversion price of US$3.4147 per share, fully convertible into 439 million ordinary shares, representing 2.41% of the enlarged share capital. The net proceeds of around US$1.485 billion are expected to be used for general corporate purposes and maintaining or further strengthening its capital base. The securities are expected to be listed on the Irish Stock Exchange. AAStocks Financial News |
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