HSBC Holdings PLC
Indicative
Full Lot
Indicative price as of 02 Oct 2026, 4:33pm
Ask Yield to Worst
Bid Yield to Worst
Ask Yield to Maturity
Bid Yield to Maturity
Bond Issuer
HSBC Holdings PLC
Guarantor
-
Announcement Date
05 Mar 2025
Issue Date
11 Mar 2025
Maturity Date
11 Mar 2035
Years to Maturity / Next Call
8.441 / 3.439
Modified Duration
6.519 @ 02 Oct 2026
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
5.722
Coupon Type
Variable
Annual Coupon Rate
5.722
Coupon Frequency
Semi Annually
Seniority
Subordinated
Capital Structure
Tier 2
Reference Rate
Reset Date: 11 March 2030 and every quarter thereafter
Reset Rate:ASX Australian Bank Bill Short Term Rates 3 Month + Initial Margin (1.870%)
ISIN
AU3CB0319473
CUSIP
YQ0537379
Bond Currency
AUD
Total Issue Size
550,000,000
Min. Investment Quantity (Nominal)
AUD 10,000
Incremental Quantity (Nominal)
AUD 10,000
Bond Type
Corporate
Bond Sector
Financials
Bond Sub Sector
Banks
Issuer Credit Rating (S&P/ Fitch)
***/ A+
Bond Credit Rating (S&P/ Fitch)
***/ N.R
Shariah Compliant
No
Exchange Listed
Others
UK Bail-in Power:
By its acquisition of any Notes, each Noteholder (including each holder of a beneficial interest in the Notes) acknowledges and accepts that the Amounts Due arising under any Notes may be subject to the exercise of UK Bail-in Powers by the Relevant UK Resolution Authority, and acknowledges, accepts, consents and agrees to be bound by:
(i) the effect of the exercise of any UK Bail-in Power by the Relevant UK Resolution Authority, that may include and result in any of the following, or some combination thereof:
(A) the reduction of all, or a portion, of the Amounts Due;
(B) the conversion of all, or a portion, of the Amounts Due on any Series of Notes into shares, other securities or other obligations of the Issuer or another person (and the issue to or conferral on the Noteholder of such shares, securities or obligations), including by means of an amendment, modification or variation of the terms of such Series of Notes;
(C) the cancellation of any Series of Notes; and/or
(D) the amendment or alteration of the date for redemption of any Series of Notes or amendment of the amount of interest payable on any Series of Notes, or the Interest Payment Dates relating thereto, including by suspending payment for a temporary period; and
(ii) the variation of the terms of any Series of Notes, if necessary, to give effect to the exercise of any UK Bail-in Power by the Relevant UK Resolution Authority.
No repayment or payment of the Amounts Due on any Series of Notes shall become due and payable or be paid after the exercise of any UK Bail-in Power by the Relevant UK Resolution Authority if, and to the extent that, such amounts have been reduced, converted, cancelled, amended or altered as a result of such exercise.
First Call Date: 11 March 2030
Following the occurrence of a Capital Disqualification Event, the Issuer may, within 90 days of the occurrence of the relevant Capital Disqualification Event, redeem all (but not some only) of the Notes at a redemption price equal to 100% of their principal amount, plus any accrued and unpaid interest to (but excluding) the applicable redemption date, subject to any required supervisory consent.
Cash Flow Information