HSBC to redeem $400 million primary capital floaters on July 31

By Marisa Wong

Los Angeles, June 12 – Hongkong and Shanghai Banking Corp. Ltd. issued a redemption notice for its $400 million of undated floating-rate primary capital notes, third series (ISIN: GB0004355490).

The notes will be redeemed on July 31 at par plus accrued interest from and including April 28 to but excluding the redemption date.

The company announced in April plans to redeem the notes but had not yet issued a formal redemption notice.

Citibank, NA, London Branch is the paying agent.

HSBC is a London-based banking and financial services company.

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