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HSBC HOLDINGS Plans to Issue USD1.5B Convertible Securities
Recommend 21 Positive 32 Negative 19 |
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HSBC HOLDINGS (00005.HK) announced that it plans to issue USD1.5 billion 6.75% perpetual subordinated contingent convertible securities next Monday (18th). The Securities are expected to be admitted to the Official List and to trading on the Global Exchange Market of The Irish Stock Exchange plc trading as Euronext Dublin within 30 days of the Issue Date. The denominations of the Securities will be USD200,000 and integral multiples of USD1,000 in excess thereof. The Conversion Price is fixed initially at USD3.6779 per Conversion Share. The maximum number of Ordinary Shares that may be issued is approximately 408 million, representing approximately 2.32% of the issued share capital of the Company as enlarged by the issue of such Conversion Shares. The Conversion Shares Offer Price is fixed initially at GBP2.7 per Conversion Share. The net proceeds from the issuance of the Securities are expected to be US$1.485 billion. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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