HSBC to redeem CNH2.75B 3.40% notes in 2026
HSBC Holdings plc will redeem its CNH2,750,000,000 3.40% Notes due 2027 (Series 43) in full on 29 June 2026.
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Form Type
6-K
Rhea-AI Filing Summary
HSBC Holdings plc will redeem its CNH2,750,000,000 3.40% Notes due 2027 (Series 43) in full on 29 June 2026. The notes will be repaid at CNH1,000,000 per Calculation Amount, plus accrued interest from 29 June 2025 to (but excluding) the redemption date.
Following repayment, the notes will be delisted from the Official List of the UK Financial Conduct Authority, the Main Market of the London Stock Exchange, and automatically from the Taipei Exchange. HSBC reports total assets of US$3,306bn as of 31 March 2026.
Key Figures
Note principal amount: CNH2,750,000,000
Coupon rate: 3.40%
Redemption price: CNH1,000,000 per Calculation Amount
+3 more
6 metrics
Note principal amount
CNH2,750,000,000
3.40% Notes due 2027 (Series 43)
Coupon rate
3.40%
Interest rate on Notes due 2027
Redemption price
CNH1,000,000 per Calculation Amount
Optional issuer redemption on 29 June 2026
Redemption date
29 June 2026
Early redemption under Condition 6(c)
Stated maturity year
2027
Original due year of the Notes
Total assets
US$3,306bn
HSBC assets as of 31 March 2026
Key Terms
Redemption at the Option of the Issuer, Final Terms, Official List of the Financial Conduct Authority, Main Market of the London Stock Exchange plc, +2 more
6 terms
Redemption at the Option of the Issuer financial
"pursuant to Condition 6(c) (Redemption at the Option of the Issuer) of the terms"
A clause that lets the borrower (the company that issued a bond or preferred share) choose to pay back the security before its stated maturity date. It matters to investors because early repayment changes expected income and timing — like a loan being paid off ahead of schedule — which can lower total returns and force reinvestment at potentially lower interest rates; buyers often demand higher yields or call protection to compensate.
Final Terms financial
"paragraph 16 ... of the final terms dated 18 June 2021, relating to the Notes (the 'Final Terms')"
Final terms are the complete, agreed-upon details of a corporate deal or financial transaction — such as price, number of shares, interest rate, or repayment schedule — that replace prior drafts and become legally binding once signed. Investors care because the final terms determine how much value is exchanged, the size of dilution or debt, and the actual economic impact of the transaction; think of it as the step where a handshake becomes a signed contract that fixes what each party will get and owe.
Official List of the Financial Conduct Authority regulatory
"The listing of the Notes on the Official List of the Financial Conduct Authority"
Main Market of the London Stock Exchange plc financial
"admission of the Notes to trading on the Main Market of the London Stock Exchange plc"
Taipei Exchange of Taiwan financial
"the Notes will be delisted from the Taipei Exchange of Taiwan automatically upon full redemption"
Regulation S under the Securities Act regulatory
"persons, as defined in Regulation S under the Securities Act, except pursuant to an exemption"
Regulation S under the Securities Act is a set of U.S. rules that allow companies to sell securities to investors located outside the United States without registering those sales with the U.S. securities regulator, provided the offerings are not marketed to U.S. residents. For investors this matters because it determines whether a security was issued under an offshore exemption, which affects who can buy it, how easily it can be traded, and which legal protections and reporting rules apply—similar to buying a product that was sold only in a foreign market and may have different rules or support.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What is HSBC (HSBC) announcing in this Form 6-K?
HSBC Holdings plc is redeeming all CNH2,750,000,000 3.40% Notes due 2027 on 29 June 2026. Holders will receive CNH1,000,000 per Calculation Amount plus accrued interest, and the notes will be delisted from London and Taipei exchanges after redemption.
When will HSBC (HSBC) redeem the CNH2.75 billion 3.40% Notes?
HSBC will redeem the notes on 29 June 2026, one year before their 2027 maturity. Interest will accrue from 29 June 2025 to, but excluding, the redemption date, and repayment will be processed through the relevant clearing systems for noteholders.
At what price are HSBC (HSBC) 3.40% Notes due 2027 being redeemed?
The notes are being redeemed at CNH1,000,000 per Calculation Amount, together with accrued but unpaid interest. This means holders receive the full principal defined per Calculation Amount plus interest earned between 29 June 2025 and the 29 June 2026 redemption date.
What happens to the listing of HSBC (HSBC) 3.40% Notes after redemption?
After full redemption, the notes will be removed from public markets. They will be cancelled from the UK Financial Conduct Authority’s Official List, cease trading on the London Stock Exchange’s Main Market, and be automatically delisted from the Taipei Exchange of Taiwan.
How large is HSBC (HSBC) compared with this CNH2.75 billion note issue?
HSBC reports assets of US$3,306bn as of 31 March 2026, making it one of the world’s largest banking groups. The CNH2,750,000,000 3.40% Notes are a relatively small funding instrument within this much larger global balance sheet.
How will HSBC (HSBC) noteholders receive redemption payments?
Noteholders are instructed to look to the clearing systems through which their notes are held for repayment. These intermediaries will handle the distribution of principal and accrued interest according to standard procedures used in international bond markets.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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