HSBC Raises Tender Cap to $1.5bn for 6% CoCo Securities
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.