HSBC Holdings PLC
Indicative
Full Lot
Indicative price as of 30 Sep 2026, 4:04pm
Ask Yield to Worst
Bid Yield to Worst
Ask Yield to Maturity
Bid Yield to Maturity
Bond Issuer
HSBC Holdings PLC
Guarantor
-
Announcement Date
20 Jun 2022
Issue Date
27 Jun 2022
Maturity Date
27 Jun 2032
Years to Maturity / Next Call
5.741 / 0.735
Modified Duration
4.861 @ 30 Sep 2026
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
5.250
Coupon Type
Variable
Annual Coupon Rate
5.250
Coupon Frequency
Semi Annually
Seniority
Subordinated
Capital Structure
Tier 2
Reference Rate
Reset Date: 27 Jun 2027
Reset Rate: Prevailing SORA-OIS + Initial Margin (2.426%)
ISIN
XS2491654179
CUSIP
BX3007065
Bond Currency
SGD
Total Issue Size
900,000,000
Min. Investment Quantity (Nominal)
SGD 250,000
Incremental Quantity (Nominal)
SGD 250,000
Bond Type
Corporate
Bond Sector
Financials
Bond Sub Sector
Banks
Issuer Credit Rating (S&P/ Fitch)
***/ A+
Bond Credit Rating (S&P/ Fitch)
***/ A-
Shariah Compliant
No
Exchange Listed
Others
Redemption upon Capital Disqualification Event
If this Condition 6(h) is specified as being applicable in the relevant Final Terms, then, following the occurrence of a Capital Disqualification Event and subject to Condition 6(j) (Supervisory Consent), the Issuer may, within 90 days of the occurrence of the relevant Capital Disqualification Event and on giving not less than 30 nor more than 60 days' notice (ending, in the case of Floating Rate Notes, on an Interest Payment Date) to the Trustee (with a copy to the Principal Paying Agent) and to the Noteholders in accordance with Condition 13 (Notices), at its option, redeem all, but not some only, of the Subordinated Notes (such option to redeem being referred to herein as a "Capital Disqualification Event Early Redemption Option") at the Capital Disqualification Event Early Redemption Price specified in the relevant Final Terms, together with interest accrued and unpaid, if any, to the date fixed for redemption.
"Capital Disqualification Event" means an event that shall be deemed to have occurred if the Issuer determines at any time after the Issue Date, that there is a change in the regulatory classification of the Subordinated Notes that results in or will result in:
(a) their exclusion in whole or in part from the regulatory capital of the Group; or
(b) their reclassification in whole or in part as a form of regulatory capital of the Group that is lower than Tier 2 capital (if any);
Statutory Write-Down Or Conversion: Applicable
If this Condition 6(c) is stated to be applicable in the relevant Final Terms, Notes shall be redeemable at the option of the Issuer, subject to Condition 6(j) (Supervisory Consent). In such case, the Issuer may at any time or, if so specified in the relevant Final Terms, on any call option date specified therein (which shall be an Interest Payment Date, in the case of Floating Rate Notes), on giving (in accordance with Condition 13 (Notices)), not less than 30 nor more than 60 days' notice to the Noteholders (or such other period specified in the relevant Final Terms) (such notice being irrevocable) specifying the date fixed for such redemption, on the date so fixed, redeem all of such Notes (or, if so specified in the relevant Final Terms and subject as therein specified, some only of the Notes) at the Early Redemption Amount (Call), together with interest accrued and unpaid thereon, if any, to the date fixed for redemption.
Call option date(s): 27 June 2027
Cash Flow Information
