78 stories mentioning HKG:0005Updated 2d ago
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HSBC (HKG:0005) issued three different series of bonds on Friday, according to a same-day bourse filing.The issue comprises 21.6 billion yen of 2.769% senior callable bonds due in September 2030, 25.7 billion yen of 3.227% bonds maturing in September 2032, and 7 billion yen of 3.879% bonds due in September 2037.The lender has applied for the listing of the bonds on Euronext Dublin in Ireland.
HSBC (HKG:0005) Group Chief Financial Officer Pam Kaur will step down no later than the company's annual general meeting for 2027.Pam will assume an advisory role to support the group chief executive officer with ongoing strategic projects, according to a Thursday Hong Kong bourse filing.The lender has initiated the search for Pam's successor and will consider both internal and external candidates.
Huawei is set to face trial for alleged bank fraud against HSBC (HKG:0005) and other banks over the Chinese technology company's business dealings in Iran, Reuters reported Tuesday.The charges come eight years after prosecutors lodged the case against the tech firm, which also faces allegations of infringing on state secrets and lying about its dealings with North Korea, according to the report.A federal court has begun selecting the jury for the case, Reuters said.Huawei did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
HSBC (HKG:0005) is planning to consolidate its Singapore banking operations under a single entity to simplify its local structure, Bloomberg News reported Thursday, citing people familiar with the matter.The restructuring would bring the bank's wholesale, retail, and private banking businesses in Singapore under one roof, according to the report.HSBC did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
HSBC (HKG:0005) let go of 134 senior employees last year for a severance cost of $67.5 million, the Financial Times (FT) reported citing company accounts.The axing of the employees, deemed material risk takers, who made up around 10% of the lender's most senior bankers, was the largest since the 2008 financial crisis, according to an FT analysis.The move came as part of a larger restructuring of the lender's investment banking operations.The dismissal of material risk takers is reportedly not limited to the investment wing, however, the FT said citing a person close to HSBC.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
HSBC (HKG:0005) and Standard Chartered (HKG:2888) completed the first live cross-border bank-to-bank transaction using tokenized deposits on Swift's blockchain-based ledger, according to a joint statement issued Wednesday.The transaction recorded payment obligations as tokenized deposits on both banks' systems, with Swift's ledger matching and netting the obligations before final settlement through existing systems.The transaction is part of Swift's effort to enable 24/7 cross-border payments and improve liquidity efficiency.
HSBC Holdings (HKG:0005) issued SG$450 million worth of 2.950% fixed-rate resettable notes due 2032 on Monday, according to a same-day filing with the Hong Kong bourse.The notes, issued under its existing bond program, were listed on the main market of the London Stock Exchange on Monday.
HSBC (HKG:0005) has launched a $6.75 billion multi-tranche bond offering, comprising fixed/floating and floating-rate senior notes due between 2032 and 2037.The largest tranche, totalling $3.25 billion, carries a 5.729% coupon, while the US$2.5 billion and US$1 billion tranches mature in 2032 at 5.243% and on a floating benchmark, respectively.The notes are governed by an amended 2009 indenture and will be listed on the New York Stock Exchange, according to a bourse filing on Friday.
HSBC (HKG:0005) has completed its tender offers for four series of senior unsecured notes due in 2028, accepting notes with an aggregate principal amount of about $4.9 billion.The bank accepted all valid tenders for its September 2028, November 2028 and March 2028 notes. The May 2028 notes were prorated, with HSBC accepting $1 billion of the $1.46 billion tendered, applying a 66.97% proration factor.The total consideration payable is $4.9 billion, excluding accrued interest. Payment to holders will be made on Aug. 17, 2026.All notes accepted in the offers will be cancelled and retired, according to a Thursday Hong Kong bourse filing.
HSBC (HKG:0005) has set the pricing terms for its cash tender offers to repurchase four series of senior unsecured notes, according to a Hong Kong bourse filing on Thursday.The September 2028 Notes carry the highest acceptance priority and will be repurchased at $975.63 per $1,000 principal, followed by the November 2028 Notes at $1,032.08, the May 2028 Notes at $1,009.75, and the March 2028 Notes at $999.31.The repurchases are expected to be funded with proceeds from the company's new note issuance, totaling $6.75 billion, supplemented by cash on hand if needed.Settlement is expected on Aug. 17, with accepted notes to be cancelled and retired, while holders will also receive accrued interest through the settlement date.
HSBC Holdings (HKG:0005) global insurance chief Edward Moncreiffe is set to leave the bank in September, Reuters reported Wednesday, citing two people familiar with the matter.Moncreiffe, who took the global insurance role in 2024, is leaving the lender after two decades for external opportunities, the sources told Reuters. HSBC reportedly plans to split his responsibilities between two executives, with their appointments expected to replace him.The departure comes as HSBC continues a broader restructuring under CEO Georges Elhedery, aimed at cutting costs and focusing on wealth growth, Reuters noted.HSBC declined' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Fitch Ratings affirmed HSBC's (HKG:0005) long-term issuer default rating at A+ with a stable outlook, according to a Tuesday rating commentary.The agency also affirmed HSBC's viability rating at A+ and the long-term issuer default ratings of its major banking subsidiaries at AA, all with stable outlooks.The ratings reflect the lender's diversified global banking franchise, conservative risk profile, strong profitability, and robust capital and liquidity buffers.Fitch expects the group's operating profit-to-risk-weighted assets ratio to remain around 4% in 2026 and 2027, compared with 4.4% in the first half of 2026.A sustained decline in capital, a material deterioration in asset quality, or a sharp weakening in profitability could pressure the ratings, the statement said.
HSBC (HKG:0005) has offloaded its Tokyo headquarters building in Nihonbashi to a Mitsubishi HC Capital (TYO:8593) unit, while leasing back the space until its new office is ready, Bloomberg News reported on Friday, citing people familiar with the matter.HSBC Japan CEO Takeo Kaneko said in a LinkedIn post on Wednesday that the bank is relocating to a new building in the Yaesu 2-Chome area, near Tokyo Station, in 2029.HSBC declined to comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
HSBC (HKG:0005) has raised the maximum tender amount for its cash purchase of four series of outstanding notes from $5 billion to $6.75 billion.The banking group increased the sub-cap for May 2028 Notes from $750 million to $1 billion, according to a bourse filing on Thursday.The offers, which will expire on Aug. 12, are part of proactive debt portfolio management, with acceptance prioritized by series and subject to proration if limits are exceeded.The company has already satisfied the new issue condition by pricing $6.75 billion in new senior unsecured notes, which will fund the repurchases.The offers are restricted or subject to special conditions in the UK, Belgium, Italy, Hong Kong, Canada, and France.
HSBC Holdings' (HKG:0005) $1 billion share buyback program announced on Tuesday will run from Aug. 6 through Oct. 23, according to a Hong Kong bourse filing on Wednesday.The bank appointed BNP Paribas Financial Markets to execute the buyback independently on its behalf across trading venues in London and Hong Kong. Repurchased shares will be cancelled.HSBC said up to 1.72 billion ordinary shares may be repurchased under the program, subject to the previously approved shareholder authorization.
HSBC (HKG:0005) could increase its bonus pool for bankers if strong business performance continues through the second half of the year, Bloomberg reported Tuesday, citing Chief Executive Officer Georges Elhedery.The company would consider raising the variable pay pool should current momentum continue, Elhedery said speaking at the second-quarter earnings call, the report noted. The bonus pool accounts for about 10% of the bank's total costs, meaning any increase would have only a "modest" impact on overall expenses, Elhedery noted."We have seen strong business performance, strong momentum, and growth across all our lines of business", HSBC CEO toldin an emailed response. "Should we continue to see this momentum carry forward into the second half, then we would certainly consider to reward our colleagues for their increased performance by adjusting the variable pay pool upwards."
HSBC (HKG:0005) is planning to launch a share buyback worth up to $1 billion, according to the lender's earnings results released Tuesday.The buyback is expected to be concluded by the bank's third quarter results announcement.Share buybacks were resumed after three quarters following a temporary pause after the lender announced the privatization of Hang Seng Bank.
HSBC (HKG:0005) posted second-quarter profit attributable to ordinary shareholders of $7.69 billion, up from $4.58 billion a year earlier.Earnings per share came in at $0.45 from $0.26 a year earlier, according to a Tuesday Hong Kong bourse filing.Revenue increased to $19.1 billion from $16.5 billion in the prior year.The board approved a second interim dividend of $0.10 per share, unchanged from a year earlier.HSBC raised its 2026 banking net interest income (NII) guidance to at least $46 billion, citing a continued favorable interest rate outlook despite persistent market uncertainty.
CSC Financial's (SHA:601066, HKG:6066) indirectly-owned unit, CSCIF Hong Kong, will receive a guarantee of 285 million yuan for issuing offshore medium-term bonds worth 270 million yuan, according to a Tuesday disclosure on the Shanghai bourse.The bond is part of a $4 billion offshore medium-term note program.The guarantee was from CSC International Holdings. A guarantee agreement was signed with HSBC Holdings (HKG:0005), which will act as a trustee to the guarantee.
HSBC Holdings' (HKG:0005) indirect subsidiary, HSBC Bank Egypt, agreed to sell its retail banking business to Emirates NBD Egypt.The deal, which covers retail loans, deposits, accounts and related employees, is expected to close in the second half of 2027, subject to regulatory approvals.HSBC expects the sale to generate an estimated pre-tax gain of about $300 million, largely to be recognized upon completion, with an immaterial impact on the group's common equity tier 1 capital ratio.Shares of HSBC fell nearly 1% in recent trade.
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