HSBC to launch offers to repurchase $8.15bn of debt

By Alexander Bueso

Date: Tuesday 15 Sep 2020

(Sharecast News) - HSBC will offer to repurchase approximately $8.15bn of debt with maturities falling between March 2021 and March 2022.
The offers to purchase the six issues of debt will be launched at 1500 BST, with $4.94bn of the debt that it is offering to buy back being fixed rate notes.

The lender said the motive for its offers was to improve the structure of the group's liabilities.

Under the European Union's regulations for capital requirements, notes cease to qualify as eligible liability items when their residual maturity falls below 12 months.

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