Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
HSBC Holdings ( (GB:HSBA) ) has issued an update.
HSBC Holdings plc has announced the redemption of its $2.45 billion 6.375% Perpetual Subordinated Contingent Convertible Securities, with the redemption date set for March 30, 2025. This strategic financial decision allows HSBC to manage its capital structure effectively, potentially impacting its financial flexibility and stakeholder interests by reducing the cost of capital and optimizing its balance sheet.
More about HSBC Holdings
HSBC Holdings plc is a global banking and financial services organization based in London, United Kingdom. The company offers a wide range of services including retail banking, commercial banking, investment banking, and wealth management, serving customers worldwide with a focus on international and emerging markets.
YTD Price Performance: 8.75%
Average Trading Volume: 22,816,257
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £152.5B
Learn more about HSBA stock on TipRanks’ Stock Analysis page.
