Global Bondholder Services Corporation

LONDON — November 13, 2026 -- HSBC Holdings plc closed a $1.5 billion issue of 7.625% perpetual subordinated contingent convertible securities, which satisfies the New Issue Condition in its tender offer for an older series. The offer covers up to $1.5 billion of the $3 billion 6.000% perpetual subordinated contingent convertible securities outstanding, or half the series.

HSBC raised the tender cap by 50% and will pay 100.50% of principal

HSBC announced the offer on 5 November 2026 with a Maximum Tender Amount of $1 billion. It raised the cap to $1.5 billion on 6 November 2026, an increase of 50%. The purchase price is 100.50% of the principal amount accepted, a premium of 0.50 percentage points over par. On the full $1.5 billion, that works out to a premium of $7.5 million, by our calculation.

LONDON – November 06, 2026 -- HSBC Holdings plc has raised the maximum tender amount in its cash offer for 6.000% perpetual subordinated contingent convertible securities to $1.5 billion from $1 billion, to proactively manage its Tier 1 capital base.

The offer targets the outstanding $3 billion 6.000% Perpetual Subordinated Contingent Convertible Securities, callable May 22, 2027 and every five years thereafter. The original cap of $1 billion was announced on 5 November 2026. All other terms of the offer remain unchanged.

Fort Lauderdale – November 03, 2026 -- Cloud Software Group Holdings, Inc. raised the cash consideration in its tender offer for its 9.00% Senior Secured Second Lien Notes due 2029 to $1,022.50 per $1,000 principal amount, up from $1,017.50.

Consideration rises $5.00 per $1,000 of notes tendered

The increase lifts the offered price to 2.25% above par, from 1.75% previously. Holders whose notes are accepted will also receive accrued and unpaid interest, calculated from the last interest payment date up to, but excluding, the settlement date.

The offer remains capped at $2.0 billion aggregate principal amount of notes and is subject to proration. If the cap is fully used, the $5.00 increase adds up to $10 million to the maximum consideration. The company made the offer under an Offer to Purchase dated Nov. 2, 2026.

Mexico City – October 13, 2026 -- NEXT Properties (Trust 2401) has amended its exchange offers for four series of outstanding notes, making each offer conditional on the issuance of at least US$450,000,000 in new notes, following feedback from large institutional holders.

NEXT Properties sets two US$450 million floors for new 2036 and 2056 notes

The exchange offers, launched on October 13, 2026, cover any and all of the Trust's 7.700% Senior Sustainability-Linked Notes due 2032, 7.375% Senior Green Notes due 2034, 6.950% Senior Notes due 2044 and 6.390% Senior Notes due 2050.

Holders of the 2032 and 2034 notes can exchange into new Senior Sustainability-Linked Notes due 2036. Holders of the 2044 and 2050 notes can exchange into new Senior Sustainability-Linked Notes due 2056.

Newcastle – September 24, 2026 -- Newcastle Coal Infrastructure Group Pty Ltd (NCIG) has concluded a cash tender offer for its outstanding 4.400% Guaranteed Senior Secured Notes due 2027, setting a Tender Offer Consideration of US$993.11 per US$1,000 of principal validly tendered.

Offer expired September 23 with all valid tenders set for acceptance

The offer, launched under an Offer to Purchase dated September 8, 2026, closed at 5:00 p.m. New York City time on September 23, 2026, with withdrawal rights lapsing at the same moment. Global Bondholder Services Corporation, acting as tender and information agent, confirmed that a portion of the outstanding notes had been validly tendered and not withdrawn as of the expiration deadline. NCIG said it expects to accept for purchase all securities validly tendered and not withdrawn.

Waterloo – September 24, 2026 -- Open Text Corporation (NASDAQ: OTEX, TSX: OTEX) has priced $1 billion in senior secured notes, split evenly between $500 million of 6.700% notes due 2031 and $500 million of 7.150% notes due 2033.

OpenText locks in $1 billion in fresh secured debt across two maturities

The offering, structured under Rule 144A and Regulation S, is expected to close October 1, 2026, subject to customary conditions. The Notes will carry guarantees from OpenText's existing subsidiary guarantors and co-obligors, secured on the same basis as the company's senior secured credit facilities, term loan credit agreement and its 6.900% Senior Secured Notes due 2027.