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HSBC Holdings PLC  -  HSBA   

Redemption of Subordinated Bonds

Released 09:00 19-Feb-2013

RNS Number : 1814Y
HSBC Holdings PLC
19 February 2013
 



 

 

19 February 2013

 

NOTICE OF REDEMPTION TO THE HOLDERS OF

 

HSBC Holdings plc

(the "Issuer")

 

GBP250,000,000 9.875% Subordinated Bonds due 2018 (ISIN: XS0043041879) (the "Bonds") issued 8 April 1993

 

 

Pursuant to Condition 4(b)(i) and Condition 10 of the Terms and Conditions of the Bonds, Notice is hereby irrevocably given to holders of the Bonds that on 8 April 2013 (the "Redemption Date") the Issuer will exercise its option to redeem all of the Bonds outstanding at their principal amount together with interest accrued to the Redemption Date in accordance with the Terms and Conditions of the Bonds.

 

Payment in respect of the Bonds will be made against presentation and surrender of the Bonds and coupons relating thereto ("Coupons") at the specified office outside the United States of America of any of the Paying Agents.

 

Bonds and Coupons will become void unless presented for payment within periods of twelve years and six years respectively from the Redemption Date.

 

Details of the Paying Agents are set forth below:

 

            Principal Paying Agent:

Citibank, N.A., London Branch

21st Floor, Citigroup Centre

Canada Square, Canary Wharf

London E14 5LB

United Kingdom

 

Sub-Paying Agent:

BGL BNP Paribas Luxembourg

50, avenue JF Kennedy

L-2951 Luxembourg

 

For and on behalf of HSBC Holdings plc

R G Barber

Group Company Secretary

 


 

Investor enquiries to:



Nick Turnor

Head of Debt Investor Relations

 

+44 (0) 20 7992 5501

 

nick.turnor@hsbc.com

Media enquiries to:



Brendan McNamara

+44 (0) 20 7991 0655

brendan.mcnamara@hsbc.com

 

 

Note to editors:

 

The HSBC Group

HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from around 6,900 offices in over 80 countries and territories in Europe, the Asia-Pacific region North America and Latin America, and the Middle East and North Africa. With assets of US$2,721bn at 30 September 2012, HSBC Group is one of the world's largest banking and financial services organisations.

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Redemption of Subordinated Bonds - RNS