tiprankstipranks
Trending News
More News >

HSBC to Issue $2 Billion in Perpetual Convertible Securities

Story Highlights
HSBC to Issue $2 Billion in Perpetual Convertible Securities

Confident Investing Starts Here:

The latest update is out from HSBC Holdings ( (GB:HSBA) ).

HSBC Holdings plc announced its intention to issue $2 billion worth of 7.050% Perpetual Subordinated Contingent Convertible Securities, which are expected to be listed on Euronext Dublin. This strategic move is part of HSBC’s efforts to strengthen its capital base and enhance its financial flexibility, potentially impacting its market positioning and offering new opportunities for investors.

More about HSBC Holdings

HSBC Holdings plc is a leading global financial services company, incorporated in England and Wales. It offers a wide range of banking and financial services, including retail and commercial banking, wealth management, and global banking and markets services. The company is listed on several stock exchanges and has a significant presence in both developed and emerging markets.

Learn more about HSBA stock on TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App