Business
Results of Tender Offers for Two Series of Notes
Results of Tender Offers for Two Series of Notes.
About this update from Hsbc Holdings Plc
[{"type":"text","content":"\n\n \n \n \n19 November 2024\n \nHSBC HOLDINGS PLC ANNOUNCES RESULTS OF ITS TENDER OFFERS FOR TWO SERIES OF NOTES \nHSBC Holdings plc (the 'Company,' 'we' or 'us') today announces the results of its previously announced two separate offers to purchase for cash any and all of the outstanding notes listed in the table below. We refer to the outstanding notes listed in the table below collectively as the 'Notes' and separately as a 'series' of Notes. We refer to each offer to purchase a series of Notes as an 'Offer', and collectively as the 'Offers.'\nThe Offers were made upon the terms and were subject to the conditions set forth in the Offer to Purchase dated November 12, 2024 relating to the Notes (the 'Offer to Purchase') and the related notice of guaranteed delivery (together with the Offer to Purchase, the 'Offer Documents'), including the New Issue Condition (as defined in the Offer Documents). The Offer Documents are available at the following link: https://www.gbsc-usa.com/hsbc/.\nThe Offers expired at 5:00 p.m. (New York City time) on November 18, 2024 (the 'Expiration Time'). References to '$' are to U.S. dollars.\n \n\n\n\n\nTitle of Notes\n\n\nCUSIP\n\n\nMaturity\nDate\n\n\nPrincipal Amount Outstanding\n\n\nPrincipal Amount Tendered(1)\n\n\nPrincipal Amount Accepted(1)\n\n\nAggregate Consideration(2)\n\n\n\n\n4.250% Subordinated Notes due 2025\n\n\n404280AU3\n\n\nAugust 18, 2025\n\n\n$1,500,000,000\n\n\n$486,074,000.00\n\n\n$486,074,000.00\n\n\n$484,615,778.00\n\n\n\n\n4.375% Subordinated Notes due 2026\n\n\n404280BH1\n\n\nNovember 23, 2026\n\n\n$1,500,000,000\n\n\n$609,730,000.00\n\n\n$609,730,000.00\n\n\n$608,095,923.60\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nTotal Consideration\n\n\n$1,092,711,701.60\n\n\n\n\n(1) These amounts include the principal amount of Notes for which holders have complied with the Guaranteed Delivery Procedures (as defined in the Offer Documents). Such amounts remain subject to the Guaranteed Delivery Procedures. Notes tendered pursuant to the Guaranteed Delivery Procedures are required to be tendered at or prior to 5:00 p.m. (New York City time) on November 20, 2024, unless extended or earlier terminated in respect of an Offer by the Company in its sole discretion.\n(2) These amounts do not include Accrued Interest (as defined below).\nThe Company was advised b...