HSBC Holdings plc increased the maximum tender amount for its cash offer to purchase its outstanding 6.000% Perpetual Subordinated Contingent Convertible Securities. The aggregate principal amount was raised from $1.0 billion to $1.5 billion.
HSBC announced the amendment on November 6, 2026, after announcing the offer on November 5, 2026. The purchase price for securities accepted in the offer is 100.50% of their principal amount. HSBC will cancel and retire all securities it purchases.
The offer is part of HSBC’s capital management activities. On November 5, 2026, the company priced a new $1.5 billion perpetual subordinated contingent convertible securities issuance. HSBC expects the tender offer to settle on November 24, 2026.