HSBC (HSBA.L) received valid tenders of $4.9 billion under its tender offers to repurchase up to $6.75 billion of its outstanding notes, according to a Thursday filing.
The series of notes includes 2.013% notes due Sept. 22, 2028, 7.390% notes due Nov. 3, 2028, 5.597% notes due May 17, 2028, and 4.041% notes due March 13, 2028.
The lender will repurchase the entire amounts tendered for the notes except for the 5.597% notes, as the tendered amount exceeded the maximum cap. These notes will be repurchased on a prorated basis.
The completion of the tender offers was subject to various conditions, including a new-issue condition. HSBC on Aug. 5 priced the offering of $2.5 billion 5.243% fixed rate/floating rate senior unsecured notes due 2032, $3.25 billion 5.729% fixed rate/floating rate senior unsecured notes due 2037 and $1 billion floating-rate senior unsecured notes due 2032.