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HSBC HOLDINGS Plans to Issue Total US$2.5B Perpetual Subordinated Contingent Convertible Securities
Recommend 20 Positive 28 Negative 18 |
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HSBC HOLDINGS (00005.HK) intended to issue US$1.25 billion 6.75% Perpetual Subordinated Contingent Convertible Securities (Callable During Any 2031 Securities Optional Redemption Period) and US$1.25 billion 7% Perpetual Subordinated Contingent Convertible Securities (Callable During Any 2036 Securities Optional Redemption Period) next Tuesday (24th), as announced by HSBC HOLDINGS. The initial Conversion Price is fixed at US$3.6061 per share, convertible into a maximum of 693 million ordinary shares. The Company may, at its sole and absolute discretion and following the occurrence of an Automatic Conversion, make an offer of all or some of the Conversion Shares issued in connection with the Securities at an initial Conversion Shares Offer Price of GBP2.7 per share. AASTOCKS Financial News Website: www.aastocks.com |
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