HSBC HOLDINGS PLC ANNOUNCES THE SATISFACTION OF THE NEW ISSUE CONDITION IN RESPECT OF ITS TENDER OFFER FOR ONE SERIES OF SECURITIES

HSBC Australia is selling its $20 billion retail deposit book, with Citi bankers leading the effort. The sale follows a recent $36 billion loan book deal with Blackstone, which involved Pepper Money. The current market conditions present challenges for the sale.

HSBC closed a $1.5B offering of 7.625% perpetual contingent convertible securities, enabling a tender offer for up to $1.5B of its 6.000% securities at 100.50% of principal. The new securities have a higher coupon, increasing HSBC's cost of capital.

HSBC amended its tender offer, reporting a $1.5B closing of 7.625% perpetual CoCo notes on Nov 13, 2026, satisfying the new issue condition for its offer to buy back up to $1.5B of 6.000% CoCo notes. The new securities have a higher coupon rate.

HSBC Holdings PLC announced the satisfaction of the new issue condition for its tender offer, closing a $1.5B offering of 7.625% perpetual subordinated contingent convertible securities. The offer, which aims to manage the company's Tier 1 capital base, involves purchasing up to $1.5B of outstanding 6.000% securities. The offer expires on 19 November 2026, with a settlement date expected on 24 November 2026, unless extended or terminated.

HSBC Holdings plc issued $1.5 billion in perpetual subordinated contingent convertible securities on November 13, 2026. The securities, with a 7.625% interest rate, were offered under a shelf registration statement filed with the SEC. Application for listing on Euronext Dublin has been made. The securities are not intended for retail investors in the UK or EEA.

HSBC plans to merge its retail and business banking operations in Singapore into a single entity. Co-Chief Executive Surendra Rosha confirmed the move to Reuters. The bank's Hong Kong subsidiary will retain ownership of Asia-Pacific operations, which contributed significantly to its 2026 profits.