#London #United Kingdom #Tender Offers #Notes #HSBC Holdings

HSBC Holdings plc Tender Offers Results

On September 9, 2025, HSBC Holdings plc announced the results of its previously disclosed tender offers to purchase cash for four distinct series of notes. Known collectively as the 'Notes,' these offerings were part of HSBC's ongoing efforts to manage its funding and capital strategy effectively.

The tender offers followed the terms outlined in the Offer to Purchase dated September 2, 2025, including all associated documents. These offers aimed at purchasing any and all outstanding notes, a strategy designed to streamline balance sheets and optimize capital allocation.

Key Results of the Tender Offers

The tender offers saw positive responses from investors, with significant acceptance across the different note series. The following provides a detailed account of each series:

• - 7.625% Subordinated Notes due 2032

- CUSIP: 404280AF6
- Maturity Date: May 17, 2032
- Total Outstanding: $263,654,000
- Total Tendered: $127,504,000
- Total Accepted: $127,504,000
- Aggregate Consideration: $147,712,108.96

• - 7.350% Subordinated Notes due 2032

- CUSIP: 404280AE9
- Maturity Date: November 27, 2032
- Total Outstanding: $124,748,000
- Total Tendered: $30,061,000
- Total Accepted: $30,061,000
- Aggregate Consideration: $34,543,696.32

• - 6.500% Subordinated Notes due 2036

- CUSIP: 404280AG4
- Maturity Date: May 2, 2036
- Total Outstanding: $1,430,811,000
- Total Tendered: $209,354,000
- Total Accepted: $209,354,000
- Aggregate Consideration: $233,963,562.7

• - 6.800% Subordinated Notes due 2038

- CUSIP: 404280AJ8
- Maturity Date: June 1, 2038
- Total Outstanding: $961,295,000
- Total Tendered: $142,834,000
- Total Accepted: $142,834,000
- Aggregate Consideration: $163,794,889.5

Overall, HSBC accepted approximately $580,014,257.48 in total consideration across all tendered series. Holders of the accepted notes will also receive accrued interest in respect of their holdings up to the settlement date on September 11, 2025.

Payment and Settlement Details

The payment for accepted notes will occur on September 11, 2025. Additionally, holders of notes which have been accepted will receive cash equivalent to the accrued and unpaid interest associated with their notes, marking an essential aspect of the company's tender offer structure. Importantly, interest will cease to accrue on the settlement date for all accepted notes.

Once tendered notes are accepted and payments are processed, HSBC will cancel all accepted notes, thereby reducing its outstanding obligations and tightening its position in the capital markets.

Strategic Impact and Outlook

This consolidation represents a proactive step from HSBC to manage its debt portfolio effectively while reducing future financial obligations. It opens up possibilities for enhanced liquidity and reinforces their strategic initiatives within competitive financial landscapes. The company aims to maintain rigorous capital management policies to fortify its robust position in the global market.

As a reminder, HSBC retains the right to extend or terminate the offer at their discretion, emphasizing their commitment to a calculated and strategic approach towards capital management in unpredictable market conditions.

For further inquiries regarding the tender offers, HSBC engaged HSBC Bank plc as the Dealer Manager and Global Bondholder Services Corporation as the Information Agent. Interested parties are encouraged to reach out through their respective contact points for detailed guidance or assistance related to this announcement.