HSBC Lifts Maximum Amount for Convertible Securities Tender Offer to $1.5 Billion

05:46 AM EST, 11/06/2026 (MT Newswires) -- HSBC Holdings (HSBA.L) increased the maximum amount of its cash tender offer for its outstanding $3 billion 6% perpetual subordinated contingent convertible securities callable in May 2027 to $1.5 billion from $1 billion. The UK-listed bank will pay $1,005 per $1,000 of principal amount of the securities accepted under the offer, which was launched on Thursday, according to a Friday release. The offer will expire on Nov. 19 and is expected to settle on Nov. 24. The increase in the maximum amount follows HSBC's pricing of an offering of $1.5 billion 7.625% perpetual subordinated contingent convertible securities on Thursday. The tender offer is subject to the closing of the new issuance by Nov. 19.