HSBC Redeems Fifth & Seventh Series JPY Bonds; Euronext Dublin Delisting

Rhea-AI Filing Summary

HSBC Holdings plc has notified holders that it will redeem in full its Japanese Yen Callable Bonds — Fifth Series (ISIN JP582666BJ99) and Seventh Series (ISIN JP582666AN94) — on 16 September 2025 at 100% of principal. Interest will accrue to and including 14 September 2025 for the Fifth Series and 15 September 2025 for the Seventh Series, with payment of redemption and accrued interest as specified in the notice.

The listing and admission to trading of these bonds on the Official List of the Irish Stock Exchange (Euronext Dublin) and its Global Exchange Market will be cancelled on or shortly after 17 September 2025. Contact details for investor and media enquiries are provided in the notice.

Positive

• Redemption at 100% of principal ensures bondholders receive full principal on 16 September 2025
• Clear timetable and accrual cut-off dates (14 Sep 2025 for Fifth Series; 15 Sep 2025 for Seventh Series) provide certainty on interest payments
• Formal notice and contact details supplied for investor and media enquiries

Negative

• Listing cancellation on or shortly after 17 September 2025 will remove the bonds from trading on Euronext Dublin
• Bonds are not registered in the U.S. and thus cannot be offered or sold within the United States absent an exemption

Insights

Fixed Income Analyst

TL;DR: HSBC will redeem two JPY callable bond series at par and delist them from Euronext Dublin, a routine debt-management action.

The company elects to redeem both the Fifth Series (2018) and Seventh Series (2022) Japanese yen callable bonds in full at 100% of principal on 16 September 2025, with specified accrual cut-off dates for interest. Redemption at par implies no principal loss for bondholders, and the subsequent cancellation of listing on or after 17 September 2025 will remove the bonds from public trading on Euronext Dublin. This is a contractual execution of Condition 6(3) and represents a scheduled liability settlement rather than a restructuring or distressed action.

Corporate Governance Specialist

TL;DR: The notice documents compliance with bond terms and transparent communication to stakeholders ahead of delisting.

HSBC provides formal notice to bondholders and market participants, specifying ISINs, redemption mechanics, interest accrual periods, and the expected date for cancellation of listing. The filing includes investor and media contacts and reiterates applicable U.S. securities transfer restrictions. The communication aligns with standard disclosure and market conduct for cross-border debt redemptions and listing cancellations.

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  

29 August 2025

HSBC HOLDINGS PLC

NOTICE OF REDEMPTION AND CANCELLATION OF LISTING

To the holders of:

HSBC HOLDINGS PLC JAPANESE YEN CALLABLE BONDS - FIFTH SERIES (2018)

ISIN Code: JP582666BJ99

(the 'Fifth Series Bonds')

and

HSBC HOLDINGS PLC JAPANESE YEN CALLABLE BONDS - SEVENTH SERIES (2022)

ISIN Code: JP582666AN94

(the 'Seventh Series Bonds' and together with the Fifth Series Bonds, the "Bonds")

HSBC Holdings plc has elected to redeem the Bonds in whole on 16 September 2025 at a price equal to 100% of their principal amount, together with interest accrued to and including 14 September 2025 for the Fifth Series Bonds, and 15 September 2025 for the Seventh Series Bonds, pursuant to Condition 6(3) of the Bonds.

The listing of the Bonds on the Official List of the Irish Stock Exchange plc, trading as Euronext Dublin, and the admission of the Bonds to trading on its Global Exchange Market will be cancelled on, or shortly after, 17 September 2025.

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

Notes 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 Bonds 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: 29 August 2025

FAQ

When will HSBC redeem the Fifth Series and Seventh Series Japanese yen bonds (HSBC)?

HSBC will redeem both bond series in full on 16 September 2025 at 100% of principal.

To what dates does interest accrue for the redeemed bonds?

Interest accrues to and including 14 September 2025 for the Fifth Series and 15 September 2025 for the Seventh Series.

When will the bonds be delisted from Euronext Dublin?

The listing and admission to trading will be cancelled on, or shortly after, 17 September 2025.

Who can investors contact with questions about the redemption?

Investor enquiries can be directed to Greg Case at +44 (0) 20 7992 3825 or investorrelations@hsbc.com.

Are these bonds registered for sale in the United States?

No; the notice states the bonds have not been and will not be registered under the U.S. Securities Act and cannot be offered or sold in the U.S. absent an exemption.