HSBC raises A$1.75bn via three Euronext Dublin-listed notes

Rhea-AI Filing Summary

HSBC Holdings plc announced the issuance of three Australian dollar senior unsecured notes under its A$10,000,000,000 Debt Issuance Programme: A$450,000,000 fixed-to-floating due 28 August 2031, A$600,000,000 fixed-to-floating due 28 August 2036 and A$700,000,000 floating rate due 28 August 2031. The bank has applied to list the notes on the Official List of Euronext Dublin and to trade them on its Global Exchange Market. The filing states the notes were not and will not be registered under the U.S. Securities Act and so are generally unavailable to U.S. persons except in limited exemptions.

Positive

• Total issuance of A$1.75 billion across three tranches increases A$ liquidity
• Use of existing A$10.0bn Debt Issuance Programme implies streamlined execution
• Application to list on Euronext Dublin supports secondary market trading and investor access

Negative

• Notes not registered in the U.S. which restricts offers to U.S. persons and may limit some investor demand

Insights

Debt Capital Markets Specialist

TL;DR A routine debt issuance that broadens A$ funding across short and medium-term maturities.

The issuance of A$1.75bn across three tranches shows HSBC accessing Australian dollar liquidity via its established debt programme. Listing on Euronext Dublin targets international investors and provides secondary market access. The explicit non-registration under the U.S. Securities Act restricts the U.S. investor base, which is normal for Regulation S offerings. Overall this is a standard capital markets transaction to manage currency and maturity profile.

Corporate Treasurer

TL;DR Raises substantial A$ liquidity with staggered maturities that helps manage funding maturity ladder.

Issuing fixed-to-floating and floating tranches maturing in 2031 and 2036 supports balance sheet diversification in A$ and extends tenor to 2036. Using the existing A$10bn programme suggests efficient execution and pre-established documentation, reducing transaction friction. The Euronext Dublin listing enhances marketability for European and international investors while the U.S. registration exclusion aligns with common cross-border issuance practices.

FORM 6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Report of Foreign Private Issuer

Pursuant to Rule 13a - 16 or 15d - 16 of

the Securities Exchange Act of 1934

For the month of August

HSBC Holdings plc

42nd Floor, 8 Canada Square, London E14 5HQ, England

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F).

Form 20-F X Form 40-F  

28 August 2025

HSBC HOLDINGS PLC

ISSUANCE OF SENIOR UNSECURED NOTES

On 28 August 2025, HSBC Holdings plc issued A$450,000,000 Fixed-to-Floating Rate Senior Unsecured Notes due 28 August 2031, A$600,000,000 Fixed-to-Floating Rate Senior Unsecured Notes due 28 August 2036  and A$700,000,000 Floating Rate Senior Unsecured Notes due 28 August 2031  (together, the 'Notes') under its A$10,000,000,000 Debt Issuance Programme.

Application has been made to list the Notes on the Official List of the Irish Stock Exchange plc trading as Euronext Dublin ('Euronext Dublin') and to trade the Notes on the Global Exchange Market of Euronext Dublin. 

Investor enquiries to:

Greg Case                    +44 (0) 20 7992 3825                 investorrelations@hsbc.com

Media enquiries to:

Press Office                 +44 (0) 20 7991 8096                 pressoffice@hsbc.com

Note to editors:

HSBC Holdings plc

HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 57 countries and territories. With assets of US$3,214bn at 30 June 2025, HSBC is one of the world's largest banking and financial services organisations.

DISCLAIMER - INTENDED ADDRESSEES

The Notes have not been and will not be registered under the United States Securities Act of 1933, as amended (the 'Securities Act'), or any state securities laws and, unless so registered, may not be offered or sold within the United States or to, or for the account or the benefit of, US persons, as defined in Regulation S under the Securities Act, except pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act and in compliance with any applicable state securities laws.

ends/all

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

HSBC Holdings plc

By:

Name: Aileen Taylor

Title: Group Company Secretary and Chief Governance Officer

Date: 28 August 2025

FAQ

What amounts and maturities did HSBC (HSBC) issue on 28 August 2025?

HSBC issued A$450,000,000 fixed-to-floating due 28 August 2031, A$600,000,000 fixed-to-floating due 28 August 2036, and A$700,000,000 floating due 28 August 2031.

Are the notes being listed for trading?

Yes. HSBC has applied to list the notes on the Official List of Euronext Dublin and to trade them on the Global Exchange Market of Euronext Dublin.

Under which programme were the notes issued?

They were issued under HSBC's A$10,000,000,000 Debt Issuance Programme.

Can U.S. investors buy these notes?

No, the notes have not been and will not be registered under the U.S. Securities Act, so offers to U.S. persons are restricted except under limited exemptions.

Who can investors contact for more information?

Investor enquiries: Greg Case at +44 (0) 20 7992 3825 or investorrelations@hsbc.com