HSBC Holdings PLC Announces Post Stabilisation Notice

HSBC Holdings plc announced that there was no stabilisation undertaken by the designated managers for the recent offer of securities.

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Rhea-AI Sentiment

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Rhea-AI Summary

HSBC Holdings plc announced that there was no stabilisation undertaken by the designated managers for the recent offer of securities.

The issued amount was GBP 1,000,000,000, with a bond description of 1.75% due 24th July 2027 NC 26 long, offered at a price of 99.858. This announcement serves informational purposes only and does not constitute an invitation or offer to acquire the securities.

Positive

Successful issuance of GBP 1,000,000,000 in securities.

Negative

No stabilisation measures undertaken may indicate market volatility.

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News Market Reaction – HBCYF

The recorded move for HBCYF in the trading session of this news was +0.99%.

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05/04/2021 - 11:10 AM EDT

LONDON, UK / ACCESSWIRE / May 4, 2021 / HSBC (contact: Syndicate desk, telephone: +44 207 992 8066) hereby gives notice that no stabilisation (within the meaning of the rules of the Financial Conduct Authority) was undertaken by the Stabilisation Manager(s) named below in relation to the offer of the following securities.

Issuer:	HSBC Holdings plc
Guarantor (if any):	na
Aggregate nominal amount:	GBP 1,000,000,000
Description:	1.75% due 24^th July 2027 NC 26 long
Offer price:	99.858
Stabilising Managers:	HSBC Bank plc

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: HSBC Holdings PLC

View source version on accesswire.com:
https://www.accesswire.com/644350/HSBC-Holdings-PLC-Announces-Post-Stabilisation-Notice

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What was the aggregate nominal amount of HSBC's recent securities offering?

The aggregate nominal amount was GBP 1,000,000,000.

What is the maturity date for the securities issued by HSBC?

The securities mature on 24th July 2027.

What was the offer price for HSBC's recent securities?

The offer price was 99.858.

Did HSBC engage in stabilisation for the recent securities offering?

No stabilisation was undertaken for the recent securities offering.

Who acted as the stabilising manager for HSBC's securities?

HSBC Bank plc acted as the stabilising manager.

HSBC Holdings PLC Announces Post Stabilisation Notice