12:18 AM EST, 11/06/2026 (MT Newswires) -- HSBC Holdings (HSBA.L) plans to issue $1.50 billion of 7.625% perpetual subordinated contingent convertible securities on Nov. 13, according to a Friday release. The securities will carry an annual interest rate of 7.625% until May 13, 2032, after which it will reset every five years at the applicable reference rate on the relevant reset determination date and 3.004%. The London-listed lender will use the expected net proceeds of $1.49 billion for general corporate purposes and to bolster its capital base. HSBC expects to list the securities on Euronext Dublin's Global Exchange Market within 30 days of the issue.

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