HSBC Raises US$1.5B Bonds
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HSBC HoldingsSouth China Morning Post
•Business
Business & Economics
HSBC to raise US$1.5 billion in perpetual convertible bonds as it gears up for loan growth

90% Informative
The subordinated contingent convertible securities will be issued on Thursday and carry an interest rate of 6.95 per cent a year.
HSBC raised US$2.5 billion in September via the same instrument at a similar interest rate.
The lender's share price has gained 15 per cent this year , while the Hang Seng Index has jumped 18 per cent .
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