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HSBC to redeem $1.75 billion of notes from two series due 2024
By William Gullotti
Buffalo, N.Y., Oct. 5 – HSBC Holdings plc will redeem $1.75 billion of fixed-rate/floating-rate and floating rate senior notes maturing in 2024 at par on Nov. 22, according to a 6-K filing with the Securities and Exchange Commission.
The dual redemption pertains to HSBC’s $1.25 billion 1.162% fixed-rate/floating-rate senior notes (Cusip: 404280CW7) and its $500 million floating-rate senior notes (Cusip: 404280CZ0).
The fixed-to-floaters are still in the fixed-rate period, and the floaters are being called on the first call date.
Both series of notes were issued as part of a four-part offering settled Nov. 22, 2021.
The investment banking company is based in London.
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