11:55 AM EST, 11/13/2026 (MT Newswires) -- HSBC Holdings (HSBA.L) closed its previously announced issuance of $1.5 billion 7.625% perpetual subordinated contingent convertible securities. The closing satisfied the condition for the British bank's cash tender offer for up to $1.5 billion of its outstanding $3 billion 6.000% perpetual subordinated contingent convertible securities, according to a Friday release.

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