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BRIEF-HSBC Holdings to issue S$1 bln 4.70% perpetual subordinated contingent convertible securities
June 6, 2017 / 10:15 AM / 5 months ago

BRIEF-HSBC Holdings to issue S$1 bln 4.70% perpetual subordinated contingent convertible securities

June 6 (Reuters) - Hsbc Holdings Plc

* Intends to issue s$1 billion 4.70% perpetual subordinated contingent convertible securities on 8 june 2017

* ‍Application will be made for securities to be listed on global exchange market of irish stock exchange​

* Intends to use net proceeds from sale of securities to further strengthen company’s capital base pursuant to requirements under crd iv​

* Net proceeds from issuance of securities, after deduction of commission, are expected to be s$990 million Source text for Eikon: Further company coverage: (bangalore.newsroom@thomsonreuters.com)

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