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HSBC Bank Canada calls C$400 million 4.8% subordinated debentures
By Tali Rackner
Norfolk, Va., Feb. 9 – HSBC Bank Canada plans to redeem all C$400 million of its 4.8% series D subordinated debentures due April 10, 2022, according to a press release.
Holders will receive par plus accrued interest up to the redemption date of April 10.
The issuer will finance the redemption using general corporate funds.
HSBC Bank Canada is a Vancouver, B.C.-based subsidiary of London-based banking and financial services group HSBC Holdings plc.
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