HSBC (NYSE: HSBC) plans redemption of £1B 1.75% senior notes due 2027

Rhea-AI Filing Summary

HSBC Holdings plc has issued a notice of redemption for its £1,000,000,000 1.750% Fixed Rate/Floating Rate Senior Unsecured Notes due 2027. This step will retire that specific debt instrument in line with its terms.

The group highlights that it is one of the world’s largest banking organisations, with assets of US$3,306bn as of 31 March 2026. Contact details for investor and media enquiries are provided, indicating this is a formal communication to noteholders and the New York Stock Exchange.

Insights

Bank capital structure analyst

HSBC is moving to redeem a £1B bond, modestly reshaping its funding mix.

HSBC Holdings plc plans to redeem £1,000,000,000 of 1.750% Fixed/Floating Senior Unsecured Notes due 2027. Retiring this issue reduces outstanding senior debt of that specific series and may slightly lower future interest obligations if replaced with cheaper funding.

The notes are relatively small compared with assets of US$3,306bn as of 31 March 2026, so the move is incremental rather than transformative. Actual balance-sheet impact will depend on whether HSBC refinances or funds the redemption from existing resources, which is not detailed in the excerpt.

Subsequent disclosures in future company reports can clarify any follow-on issuances or changes in average funding costs connected to this redemption, helping investors understand longer-term capital structure trends.

Key Figures

Notes principal amount: £1,000,000,000 Coupon rate: 1.750% Total assets: US$3,306bn +2 more

5 metrics

Notes principal amount £1,000,000,000 1.750% Fixed Rate/Floating Rate Senior Unsecured Notes due 2027

Coupon rate 1.750% Fixed Rate/Floating Rate on Senior Unsecured Notes due 2027

Total assets US$3,306bn As of 31 March 2026

Countries and territories served 56 Global footprint of HSBC Holdings plc

Form type Form 6-K Report of Foreign Private Issuer

Key Terms

Senior Unsecured Notes, Fixed Rate/Floating Rate, Notice of Redemption, Foreign Private Issuer, +1 more

5 terms

Senior Unsecured Notes financial

"1.750% Fixed Rate/Floating Rate Senior Unsecured Notes due 2027"

Senior unsecured notes are a type of loan a company borrows from investors, promising to pay back with interest. They are called "unsecured" because they aren’t backed by specific assets like buildings or equipment, but "senior" because they are paid back before other debts if the company gets into trouble. Investors see them as a relatively safer way for companies to raise money.

Fixed Rate/Floating Rate financial

"1.750% Fixed Rate/Floating Rate Senior Unsecured Notes due 2027"

Fixed rate/floating rate describes whether the interest paid on a loan, bond, or deposit stays the same over time or changes with market rates. A fixed rate gives predictable income like a locked rent, while a floating rate moves with benchmark interest so payments rise or fall with market shifts; investors care because this affects cash‑flow certainty, sensitivity to rate changes, and overall investment risk and value.

Notice of Redemption financial

"NOTICE OF REDEMPTION Dated 11 June 2026"

A notice of redemption is a formal announcement from a bond or preferred-stock issuer that it will repay and retire those securities on a specified date and at a specified price, telling holders which issues will be called and when. It matters to investors because it changes the timing and amount of expected cash flows—like a store buying back a gift card early, you get your money sooner but may lose future income and must find a new place to reinvest.

Foreign Private Issuer regulatory

"Report of Foreign Private Issuer Pursuant to Rule 13a - 16"

A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.

Form 20-F regulatory

"Form 20-F X Form 40-F"

Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.

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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 June

HSBC Holdings plc

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  

NOTICE OF REDEMPTION

Dated 11 June 2026

£1,000,000,000 1.750% Fixed Rate/Floating Rate Senior Unsecured Notes due 2027

(CUSIP No. 404280CR8; ISIN: XS2322315727)* (the 'Securities')

* No representation is made as to the correctness of such numbers either as printed on the Securities or as contained in this Notice of Redemption, and reliance may be placed only on the other identification numbers printed on the Securities, and the Par Redemption (as defined below) shall not be affected by any defect in or omission of such numbers.

To:       The Holders of the Securities

            The New York Stock Exchange

NOTE: THIS NOTICE CONTAINS IMPORTANT INFORMATION THAT IS OF INTEREST TO THE REGISTERED HOLDERS AND BENEFICIAL OWNERS OF THE SECURITIES. IF APPLICABLE, ALL DEPOSITORIES, CUSTODIANS, AND OTHER INTERMEDIARIES RECEIVING THIS NOTICE ARE REQUESTED TO EXPEDITE RE-TRANSMITTAL TO THE REGISTERED HOLDERS AND BENEFICIAL OWNERS OF THE SECURITIES IN A TIMELY MANNER.

The Securities have been issued pursuant to an indenture dated as of 26 August 2009 (as amended or supplemented from time to time, the 'Base Indenture'), between HSBC Holdings plc, as issuer (the 'Issuer'), The Bank of New York Mellon, London Branch, as trustee (the 'Trustee'), and HSBC Bank USA, National Association, as paying agent and registrar ('HSBC Bank USA'), as supplemented and amended by a twentieth supplemental indenture dated as of 24 March 2021 (the 'Twentieth Supplemental Indenture' and, together with the Base Indenture, the 'Indenture') among the Issuer, the Trustee and HSBC Bank USA as paying agent, registrar and calculation agent. Capitalised terms used and not defined herein have the meanings ascribed to them in the Indenture.

The Issuer has elected to redeem the Securities in whole in accordance with the terms of the Indenture and the Securities (the 'Par Redemption').

Pursuant to Section 11.04 of the Base Indenture and Sections 2.01, 2.02, 3.01, 3.02, 4.02 and 4.03 of the Twentieth Supplemental Indenture, the Issuer hereby provides notice of the following information relating to the Par Redemption:

●          The redemption date for the Securities shall be 24 July 2026 (the 'Redemption Date').

●          The redemption price for the Securities shall be £1,000 per £1,000 principal amount of the Securities (the 'Redemption Price').

●          Additionally, in accordance with the terms of the Indenture, as the Redemption Date is an Interest Payment Date all accrued but unpaid interest from (and including) 24 July 2025 to (but excluding) the Redemption Date will be payable to the holders of record of the Securities as of 9 July 2026, the Regular Record Date (the 'Interest Payment').  

●          Subject to any conditions and/or the limited circumstances contained in the Twentieth Supplemental Indenture, on the Redemption Date the Redemption Price and the Interest Payment shall become due and payable upon each such Security to be redeemed and interest thereon shall cease to accrue on and after such date.

●          Securities should be surrendered at the registered office of HSBC Bank USA at 66 Hudson Boulevard East, 545W9, New York, NY 10001, Attention: Issuer Services.

Questions relating to this Notice of Redemption should be addressed to HSBC Bank USA via e-mail at CTLANYDealManagement@us.hsbc.com, at its registered office or via telephone at +1 201 217 8417.

IMPORTANT TAX INFORMATION

EXISTING US FEDERAL INCOME TAX LAW MAY REQUIRE BACKUP WITHHOLDING OF 24% OF ANY PAYMENTS TO HOLDERS PRESENTING THEIR SECURITIES FOR PAYMENTS WHO HAVE FAILED TO FURNISH A TAXPAYER IDENTIFICATION NUMBER CERTIFIED TO BE CORRECT UNDER PENALTY OF PERJURY ON A COMPLETE AND VALID INTERNAL REVENUE SERVICE ('IRS') FORM W-9 OR APPLICABLE FORM W-8 TO THE APPLICABLE PAYER OR WITHHOLDING AGENT. HOLDERS MAY ALSO BE SUBJECT TO PENALTIES FOR FAILURE TO PROVIDE SUCH NUMBER.

​

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 56 countries and territories. With assets of US$3,306bn at 31 March 2026, HSBC is one of the world's largest banking and financial services organisations.

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: Angela McEntee

Title: Group Company Secretary

Date: 11 June 2026

FAQ

What debt security is HSBC (HSBC) redeeming in this 6-K?

HSBC is redeeming its £1,000,000,000 1.750% Fixed Rate/Floating Rate Senior Unsecured Notes due 2027. The notice of redemption formally informs holders and the New York Stock Exchange of this action.

What is the interest rate on HSBC’s notes being redeemed?

The notes carry a 1.750% Fixed Rate/Floating Rate coupon. This means they pay a fixed rate initially and then switch to a floating rate structure under the terms of the bond documentation.

How large is HSBC compared with the £1B notes redemption?

HSBC reports assets of US$3,306bn as of 31 March 2026. The £1,000,000,000 notes redemption is therefore small relative to the group’s overall balance sheet size.

What type of instrument are HSBC’s notes due 2027?

They are Senior Unsecured Notes, meaning they rank ahead of subordinated debt but are not backed by specific collateral. Holders rely on HSBC’s general creditworthiness for repayment.

Where is HSBC Holdings plc headquartered according to this filing?

HSBC Holdings plc is headquartered at 8 Canada Square, London E14 5HQ, England. The group serves customers in 56 countries and territories worldwide, reflecting its global banking footprint.