Summary by Moomoo AI
HSBC Holdings plc. ("the Company") announces that it will issue SGD 1,500,000,000 of 5.250% resettable perpetual subordinated convertible securities on June 14, 2024, and will be traded on the Global Exchange Market of the Irish Stock Exchange on or about the issue date. The securities will be subject to the terms and conditions contained in the Offer Memorandum dated March 27 and May 1, 2024. The Hongkong and Shanghai Banking Corporation Limited Singapore Branch acts as the exclusive global coordinator and joint bookrunner, while DBS Bank Ltd., United Overseas Bank Limited, and OCBC Bank (China) Limited act as joint bookrunners. The Company has entered into the Subscription Agreement with the managers on June 12, 2024, and subject to the terms and conditions of the subscription before the subscription agreement...Show More