HSBC (NYSE:HSBC) redeems $2B notes ahead of maturity in 2024
HSBC Holdings (NYSE:HSBC) has announced its decision to redeem all of its US$2,000,000,000 0.976% Fixed Rate/Floating Rate Senior Unsecured Notes due 2025 on the 24th of May, 2024.
The redemption encompasses not only the principal amount of US$1,000 per US$1,000 of the notes but also includes the accrued and unpaid interest up to the redemption date, calculated from November 24, 2023.
The company's strategic move to redeem these securities ahead of their maturity demonstrates a significant financial maneuver within its capital management operations.
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