HSBC Holdings plc (HSBC) has released an update.
HSBC Holdings plc successfully completed cash tender offers for four series of notes, with the aggregate principal amounts tendered reaching nearly $5 billion, just short of their $5 billion maximum target. The offers, part of the company’s liability management strategy, were executed under the terms outlined in their May 8th offer documents and will conclude with the settlement on May 17, 2024. All accepted notes will be cancelled, and the company has already priced new senior unsecured notes to be issued, satisfying the financing conditions of the offers.
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