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South China Morning Post

South China Morning Post

Business

Business & Economics

HSBC to raise US$1.5 billion in perpetual convertible bonds as it gears up for loan growth

South China Morning Post
Summary
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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 .

VR Score

94

Informative language

96

Neutral language

70

Article tone

formal

Language

English

Language complexity

41

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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