HSBC Holdings said on Wednesday it raised $2 billion from a convertible security issue, beating its own target on strong demand for the perpetual additional Tier 1 bond.
A logo of HSBC is seen on its headquarters at the financial Central district in Hong Kong, China August 4, 2020. REUTERS/Tyrone Siu//File Photosaid on Wednesday it raised $2 billion from a convertible security issue, beating its own target on strong demand for the perpetual additional Tier 1 bond.
Prospective investors had been told at the deal's launch on Tuesday that initial price guidance for the coupon was 8.5%. The final rates fluctuate based on demand from investors.
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