HSBC Holdings plc reports the results of cash tender offers for four series of senior unsecured notes maturing in 2028. The company raised the Maximum Tender Amount to $6,750,000,000, within which it accepted notes for a total Aggregate Consideration of $4,897,778,802.80, excluding accrued interest.
HSBC accepted in full all validly tendered September 2028 Notes ($1,518,795,000 principal), November 2028 Notes ($973,368,000) and March 2028 Notes ($1,402,621,000). May 2028 Notes were subject to a $1,000,000,000 sub-cap and were accepted on a prorated basis at a 66.967081% proration factor, resulting in $1,000,000,000 principal accepted out of $1,462,640,000 tendered.
HSBC previously priced new issues of $2,500,000,000 5.243% Notes due 2032, $3,250,000,000 5.729% Notes due 2037 and $1,000,000,000 floating rate Notes due 2032, satisfying the new issue condition for the tender. Settlement for purchased notes, including payment of accrued interest, is scheduled for 17 August 2026, after which accepted notes will be cancelled.
HSBC Holdings plc has set the pricing terms for its cash tender offers for four series of U.S. dollar senior unsecured notes maturing in 2028. The maximum total purchase price (excluding accrued interest) has been increased to $6,750,000,000, with a sub-cap of $1,000,000,000 for the May 2028 Notes and $1,750,000,000 for the March 2028 Notes.
The notes have outstanding principal of $2.0bn (September 2028), $2.25bn (November 2028), $1.85bn (May 2028) and $2.5bn (March 2028). Consideration per $1,000 principal ranges from $975.63 to $1,032.08, determined via reference U.S. Treasury yields plus fixed spreads of +20 to +50 bps, and assumes redemption on each series’ par redemption date.
The offers are scheduled to expire at 5:00 p.m. New York City time on the date of this announcement, with expected settlement on 17 August 2026. Acceptance is based on defined priority levels and is subject to the maximum tender amount, sub-caps and possible proration. HSBC states that the offers are expected to be financed using proceeds from a recently priced $6.75bn new issuance of senior notes due 2032 and 2037 plus cash on hand, and that all purchased notes will be cancelled.
HSBC Holdings plc reported the latest transactions under its share buy-back programme announced on 5 August 2026. On 12 August 2026, the company purchased for cancellation 1,370,000 ordinary shares of US$0.50 each on UK venues at a volume weighted average price of £15.2941 per share and 345,600 ordinary shares on the Hong Kong Stock Exchange at a volume weighted average price of HK$161.2391 per share.
Since the commencement of this buy-back, HSBC has repurchased 4,680,400 shares for approximate total consideration of US$96.4 million. Following cancellation of the UK-venue repurchased shares, issued ordinary share capital and total voting rights stand at 17,180,853,842 shares, with no ordinary shares held in treasury.
HSBC Holdings plc reports further progress on its share buy-back announced on 5 August 2026, purchasing ordinary shares of US$0.50 each for cancellation on 11 August 2026. On UK venues, HSBC bought 1,340,000 shares at a volume-weighted average price of £15.3194 per share. On the Hong Kong Stock Exchange, it bought 498,800 shares at a volume-weighted average price of HK$162.1215 per share.
Since the start of this buy-back, HSBC has repurchased 2,964,800 shares for approximate total consideration of US$61.0 million. Following cancellation of the shares repurchased on UK venues, the company’s issued ordinary share capital and total voting rights are 17,182,223,842, with no ordinary shares held in treasury. A later update will follow once Hong Kong repurchases are cancelled.
HSBC Holdings plc reported repurchasing 340,000 of its ordinary shares of US$0.50 each on 10 August 2026 through the Hong Kong Stock Exchange as part of its share buy-back programme announced on 5 August 2026. The highest price paid was HK$162.8000 per share, the lowest was HK$161.6000, and the volume weighted average price was HK$162.3102 per share.
Since commencement of this buy-back, HSBC has repurchased 1,126,000 shares for approximate total consideration of US$23.0 million. The company’s issued ordinary share capital and total voting rights stand at 17,183,563,842 shares, with no ordinary shares held in treasury. The Hong Kong repurchases are treated as “off market” under the Companies Act 2006 but as “on-market share buy-back” transactions for Hong Kong listing and takeover rules.
HSBC Holdings plc reports that on 7 August 2026 it purchased for cancellation 340,000 ordinary shares of US$0.50 each from BNP Paribas Financial Markets SNC on the Hong Kong Stock Exchange, as part of the share buy-back announced on 5 August 2026. The shares were bought at prices between HK$159.2000 and HK$161.1000, with a volume weighted average price of HK$160.3335.
Since the commencement of this buy-back, HSBC has repurchased a total of 786,000 shares for approximate consideration of US$16.0m. The company states that its issued ordinary share capital and total voting rights are 17,183,563,842, with no ordinary shares held in treasury. No repurchases took place on UK trading venues, and a further total voting rights announcement will follow once the 7 August Hong Kong repurchases are cancelled.
HSBC Holdings plc is issuing three series of U.S. dollar senior unsecured notes totaling $6.75 billion under its shelf registration. The issue comprises $2.5 billion 5.243% fixed-to-floating notes due 2032, $3.25 billion 5.729% fixed-to-floating notes due 2037, and $1 billion floating-rate notes due 2032.
The fixed/floating notes pay fixed coupons to August 14 2031 (2032 series) and August 14 2036 (2037 series), then reset quarterly to SOFR plus 1.160% and 1.470%, respectively. The 2032 floating-rate notes pay quarterly at SOFR plus 1.150% to maturity on August 14 2032. All series are issued at 100% of principal and are expected to list on the New York Stock Exchange.
HSBC may redeem the fixed/floating notes at a make-whole price from February 14 2027 until one year before maturity, and at par on designated par redemption dates; the floating-rate notes are redeemable at par on August 14 2031. Investors expressly accept UK bail-in powers, limited acceleration rights (generally only upon winding-up), SOFR benchmark transition mechanics and restrictions on retail sales in the EEA and UK.
HSBC Holdings plc reports that on 6 August 2026 it purchased for cancellation 446,000 ordinary shares of US$0.50 each on the Hong Kong Stock Exchange from BNP Paribas Financial Markets SNC as part of its share buy-back announced on 5 August 2026.
The shares were bought at prices between HK$157.7000 and HK$159.9000, with a volume weighted average price of HK$158.7150, for approximate total consideration of US$9.0m. After this transaction, issued ordinary share capital and total voting rights are 17,183,563,842, with no ordinary shares held in treasury, and a further update will follow once today’s Hong Kong repurchases have been cancelled.
HSBC Holdings plc increased the maximum tender amount for its cash tender offers for four series of outstanding senior unsecured notes from an aggregate purchase price (excluding accrued interest) of $5,000,000,000 to up to $6,750,000,000, subject to the terms of the Offer to Purchase.
The sub-cap on May 2028 Notes to be bought was raised from $750,000,000 to $1,000,000,000, while the March 2028 Notes sub-cap remains $1,750,000,000. Notes will be accepted in order of their specified Acceptance Priority Levels and may be prorated if tenders would exceed the overall cap or series sub-caps.
Each offer expires at 5:00 p.m. New York City time on 12 August 2026, with settlement expected on 17 August 2026. HSBC recently priced a New Issuance of $2,500,000,000 5.243% notes due 2032, $3,250,000,000 5.729% notes due 2037 and $1,000,000,000 floating-rate notes due 2032, and expects to fund the tenders mainly with these proceeds and cash on hand. All purchased notes will be cancelled and retired to proactively manage the outstanding debt portfolio.
HSBC Holdings plc plans a share buy-back of its ordinary shares of US$0.50 each for up to US$1,000,000,000, with the stated purpose of reducing the number of outstanding ordinary shares. The programme is conducted under shareholder authority granted on 8 May 2026.
HSBC has entered into a non-discretionary agreement with BNP Paribas Financial Markets SNC, which will purchase shares as principal between 6 August 2026 and no later than 23 October 2026, subject to regulatory approvals. Purchases may be made on UK trading venues and the Hong Kong Stock Exchange, and all repurchased shares will be cancelled. The maximum number of ordinary shares that may be repurchased is 1,718,354,635, corresponding to the capacity under the 2026 authority.