Bond Factsheet
HSBC 5.300% 26Mar2034 Corp (SGD)
HSBC Holdings PLC
Indicative
Full Lot
Bid Price 103.900
Change in Bid Price
-
Bid Yield (%) 3.636 %
Change in Bid Yield 0.002
Ask Price 104.417
Change in Ask Price
-
Ask Yield (%) 3.421 %
Change in Ask Yield 0.002
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
12 Sep 2023
Issue Date
26 Sep 2023
Maturity Date
26 Mar 2034
Years to Maturity / Next Call
7.476 / 2.473
Modified Duration
6.186 @ 02 Oct 2026
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
5.300
Coupon Type
Variable
Annual Coupon Rate
5.300
Coupon Frequency
Semi Annually
Seniority
Subordinated
Capital Structure
Tier 2
Reference Rate
Reset Date: 26 March 2029
Reset Rate: Prevailing 5 Years SORA-OIS + Initial Margin (2.000%)
ISIN
XS2679876453
CUSIP
ZI8614102
Bond Currency
SGD
Total Issue Size
675,000,000
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
Loss Absorption
Agreement with Respect to the Exercise of the UK Bail-in Power
(a) Notwithstanding and to the exclusion of any other term of any Series of Notes or any other agreements, arrangements or understandings between the Issuer and any Noteholder, by its acquisition of any Notes, each Noteholder (which, for these purposes, includes each holder of a beneficial interest in the Notes), acknowledges and accepts that the Amounts Due (as defined below) arising under any Notes may be subject to the exercise of UK Bail-in Power (as defined below) by the Relevant UK Resolution Authority (as defined below), 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: (i) the reduction of all, or a portion, of the Amounts Due; (ii) 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; (iii) the cancellation of any Series of Notes; (iv) 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 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 such amounts have been reduced, converted, cancelled, amended or altered as a result of such exercise.
Redemption upon Capital Disqualification Event
This Condition 6(i) may only be specified as being applicable to Subordinated Notes. If this Condition 6(i) is specified as being applicable in the relevant Final Terms, then, following the occurrence of a Capital Disqualification Event and subject to Condition 6(k) (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,
"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).
Issuer Call
Call Date: 26 March 2029
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