Business
SGD750m notice of redemption
SGD750m notice of redemption.
About this update from Hsbc Holdings Plc
[{"type":"text","content":"\n\n \n3 August 2023\n \nHSBC HOLDINGS PLC\nNOTICE OF REDEMPTION AND CANCELLATION OF LISTING\nTo the holders of:\nSGD750,000,000 5.00% Perpetual Subordinated Contingent Convertible Securities\nISIN Code: XS1882693036\n(the 'Securities')\nPursuant to Condition 6(c) of the terms and conditions of the Securities and paragraph 16 of the pricing supplement dated 20 September 2018 relating to the Securities (the 'Pricing Supplement'), notice is hereby irrevocably (subject as provided in Condition 6(c)) given to the holders of the Securities (the 'Securityholders') that on the Resettable Security Interest Payment Date (as defined in the Pricing Supplement) falling on 24 September 2023 (the 'Redemption Date') HSBC Holdings plc will exercise its option to redeem all of the outstanding Securities at SGD250,000 per Calculation Amount (as defined in the Pricing Supplement), together with accrued but unpaid interest from (and including) the Resettable Security Interest Payment Date falling on 24 March 2023 to (but excluding) the Redemption Date. As the Redemption Date is not a Relevant Financial Centre Day (as defined in the terms and conditions of the Securities), pursuant to Condition 8 (Payments) the redemption of the Securities will in practice be completed on 25 September 2023.\nSecurityholders should look to the relevant clearing systems through which their Securities are held for repayment.\nThe listing of the Securities on the Official List of the Irish Stock Exchange plc, trading as Euronext Dublin, and the admission of the Securities to trading on its Global Exchange Market will be cancelled on, or shortly after, 26 September 2023.\n\nInvestor enquiries to: Greg Case +44 (0) 20 7992 3825 [email protected]\n \nMedia enquiries to:\nPress Office +44 (0) 20 7991 8096 [email protected]\n \nNotes to editors:\n \nHSBC Holdings plc\nHSBC Holdings plc, the parent company of HSBC, is headquartered in London. HS...