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HKG:0005

53 stories mentioning HKG:0005Updated 2d ago

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Asia

HSBC to Issue Senior Unsecured Bonds in Europe, US

HSBC (HKG:0005) issued senior unsecured notes under its debt issuance program and an amended indenture agreement, according to Tuesday's London Stock Exchange filings.The euro-denominated issuance includes 1.25 billion euros of 4.086% fixed-to-floating rate notes due 2036, 1.25 billion euros of 3.553% fixed-to-floating rate notes due 2031, and 1 billion euros of floating rate notes due 2029.The U.S. dollar issuance comprises $2.25 billion of 4.711% fixed-to-floating rate senior unsecured notes due 2030 and $2.25 billion of 5.208% fixed-to-floating rate senior unsecured notes due 2034.The euro notes were admitted to trading on the main market of the London Stock Exchange on Tueday, while the U.S. dollar notes will be listed on the New York Stock Exchange.

HKG:0005
Asia

HSBC Plans $1.5 Billion Perpetual Contingent Convertible Securities Issue

HSBC (HKG:0005) plans to issue $1.5 billion of 6.75% perpetual subordinated contingent convertible securities due in 2033, according to a Tuesday Hong Kong bourse filing.The securities are expected to be issued on May 18 and listed on Euronext Dublin's Global Exchange Market, the filing said.Net proceeds are expected to be about $1.49 billion after commissions, with funds to be used for general corporate purposes and to maintain or further strengthen its capital base.The securities will carry an initial interest rate of 6.75% per annum until May 2033, after which the rate will reset every five years.

HKG:0005
US Markets

OCBC Acquires HSBC Indonesia's Wealth, Retail Business, Adding SG$6.6 Billion in AUM

Oversea-Chinese Banking Corporation (SGX:O39) or OCBC, agreed to acquire the retail and wealth management business of HSBC (HKG:0005)'s Indonesian arm.The deal, executed through its subsidiary PT Bank OCBC NISP Tbk, involves the transfer of assets and liabilities of HSBC Indonesia's International Wealth and Premier Banking business, according to a Monday press release.The acquisition will expand OCBC's Indonesia platform by about SG$6.6 billion in assets under management and 336,000 customers.The portfolio includes SG$4.3 billion in customer investments across mutual funds, bonds, and insurance, as well as SG$2.3 billion in deposits and a retail loan book of about SG$0.3 billion.Total consideration will be based on net asset value at completion, with a premium of up to about SG$0.48 billion, subject to adjustment mechanisms."This acquisition in Indonesia fits well into our Next Frontier strategy under the Franchise Shift of building up our Indonesia franchise," Tan Teck Long, Chief Executive Officer of Oversea-Chinese Banking Corporation, said."Indonesia is a long-term commitment, and a key growth market," he added.The SG$2.3 billion deposit base, including sizable low-cost CASA balances, provides stable funding and opens up further wealth management opportunities, Long said.The deal is expected to be completed in the second quarter of 2027 and will be internally funded, with no material impact anticipated on OCBC's net tangible assets, earnings per share, or capital.IWPB Indonesia operates across 26 branches and is one of the largest foreign-owned retail and wealth platforms in the country.Upon completion, OCBC expects the deal to increase its Indonesia unit's AUM by about 25% and boost credit card balances by more than 150%, while adding around 1,300 employees to strengthen its wealth management capabilities.The news confirms a Bloomberg report in mid-April about OCBC emerging as the lead bidder for the assets. Bloomberg previously reported that Singapore's DBS Group (SGX:D05) and United Overseas Bank (SGX:U11), Malaysia's CIMB Group (KLSE:CIMB) and Japan's Sumitomo Mitsui Financial Group (TYO:8316) were in the running for the business.

HKG:0005KLSE:CIMBSGX:D05SGX:O39SGX:U11TYO:8316
Asia

HSBC's Pre-Tax Profit Edges Lower in Q1

HSBC (HKG:0005) posted pre-tax profit of $9.38 billion for the first quarter, down from $9.48 billion a year earlier, according to a Tuesday Hong Kong bourse filing.Profit attributable to ordinary shareholders edged higher to $6.94 billion from $6.93 billion a year ago, while the lender's earnings per share came in at $0.40, up from $0.39.Net interest income rose to $8.95 billion from $8.30 billion in the prior-year period.The board declared a first interim dividend of $0.10 per share for 2026, payable on June 26 to shareholders on record as of May 15.HSBC said it now expects banking net interest income of around $46 billion in 2026, up from prior guidance of at least $45 billion.It added that downside stress scenarios, including impacts from the Middle East conflict, could result in a mid- to high-single-digit percentage hit to profit before tax and potentially bring RoTE below its 17% target if unmitigated.

HKG:0005
Asia

OCBC to Acquire HSBC's Retail, Wealth Management Business in Indonesia

Overseas-Chinese Banking Corp. or OCBC (SGX:O39) agreed to acquire the retail and wealth management business of HSBC's (HKG:0005) Indonesian arm, according to a press release on Monday.The deal involves the transfer of HSBC's International Wealth and Premier Banking (IWPB) portfolio to OCBC's local subsidiary, PT Bank OCBC NISP Tbk.OCBC will take on approximately 336,000 customers. The acquisition also adds SG$6.6 billion in assets under management (AUM), expected to grow OCBC Indonesia's total AUM by 25%Credit card balances are projected to surge by more than 150%, and roughly 1,300 HSBC Indonesia employees will join the OCBC team.OCBC will pay a premium of up to SG$480 million above the net asset value of the IWPB portfolio.

HKG:0005SGX:O39
US Markets

Air China Returns to Profitability in Q1 Amid Energy Shocks; Hong Kong Shares Slide 3%

Air China (HKG:0753) returned to profitability in the first quarter, which could indicate resilience in the industry despite global energy shocks.Attributable net profit at China's flag carrier reached 1.71 billion yuan, compared with a loss of 2.04 billion yuan the previous year, according to a Thursday disclosure to the Hong Kong Exchange.Earnings per share stood at 0.10 yuan, versus a loss per share of 0.12 yuan.The rebound in earnings indicates a resilience in China's aviation sector, especially as it recovers from fuel shocks, Bloomberg reported separately on Thursday.The growth is also in line with expectations from Bank of America Securities.Two other major airlines, China Southern Airlines (HKG:1055, SHA:600029) and China Eastern Airlines (HKG:0670, SHA:600115) also recovered from losses in the first quarter compared with the year-ago period.Air China's turnaround could also mean alignment with other big Asian carriers such as Singapore Airlines (SGX:C6L) and Cathay Pacific (HKG:0293), the report said.However, Air China and its government-controlled peers could be "adversely positioned" due to a more price-sensitive travel cohort in China, as well as high fuel costs which they struggle to pass on to passengers, Reuters quoted HSBC (HKG:0005) as saying.The airline's revenue rose 11% year over year to 44.5 billion yuan from 40.0 billion yuan.Passenger capacity jumped 7.6% to 95.2 available seat kilometers during the quarter. The rise could be attributable to demand during the Lunar New Year, Reuters reported separately.Passenger throughput grew 10% to 42.1 million during the quarter, with domestic passenger count growing 10% to 35.8 million, international passenger count rising 12% to 4.9 million, and regional passenger count increasing 18% to 1.3 million.Cargo and mail throughput during the quarter grew 4.3% to 362,995.4 tonnes, while cargo capacity jumped 3.6% to 3.48 billion available freight tonne kilometers.Chinese international airline capacity could rise 13% year over year during the summer, equivalent to 91% of 2019 levels, Reuters said, citing Bank of America.Shares fell 3% in Hong Kong during Thursday afternoon trading.

HKG:0005HKG:0293HKG:0670HKG:0753HKG:1055SGX:C6LSHA:600029SHA:600115SHA:601111
Asia

HSBC to Fully Redeem, Delist Two Bond Series Ahead of Maturity

HSBC Holdings (HKG:0005) plans to redeem and cancel the listing of all outstanding bonds under two issued series in June ahead of their 2027 maturity, according to a Thursday Hong Kong bourse filing.The lender will redeem outstanding bonds under a HK$1.5 billion issue of 1.55% bonds on June 3 and a 2 billion euro issue of 3.019% fixed- to floating-rate bonds on June 15.The bonds are expected to be delisted on June 4 and June 16, respectively.

HKG:0005
Asia

Market Chatter: HSBC Shortlists Bidders for Singapore Insurance Unit

HSBC Holdings (HKG:0005) shortlisted Allianz, Daiichi Life Group, and Sumitomo Life Insurance as potential buyers of its unit HSBC Life Singapore, Bloomberg News reported Wednesday, citing people familiar with the matter.The Singapore insurance unit may be valued at up to $2 billion, with the shortlisted firms preparing binding bids in the coming weeks, the report said, citing the sources.A spokesperson from HSBC toldthat the unit is "under a strategic review" with no decision having been taken.Allianz declined to comment, while Daiichi and Sumitomo did not immediately respond to requests for statements.(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.)

HKG:0005
Asia

Market Chatter: OCBC Leads Bid for HSBC's Indonesian Consumer Business

Oversea-Chinese Banking (SGX:O39) emerged as the lead bidder for HSBC Holdings' (HKG:0005) Indonesian consumer business, Bloomberg News reported Friday, citing people familiar with the matter.The Singaporean bank's offer values the business at $350 million, the report said, citing the sources.No final decision has been made, with a possibility of other parties joining the bid, the people reportedly said.OCBC and HSBC did not immediately respond to requests for comment from.Bloomberg previously reported that Singapore's DBS Group (SGX:D05), Oversea-Chinese Banking, and United Overseas Bank (SGX:U11), as well as Malaysia's CIMB Group (KLSE:CIMB) and Japan's Sumitomo Mitsui Financial Group were in the running for the business.(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.)

HKG:0005KLSE:CIMBSGX:D05SGX:O39SGX:U11
Asia

HSBC Holdings to Redeem $2 Billion Debt

HSBC Holdings (HKG:0005) plans to redeem $2.00 billion in debt, according to a Hong Kong bourse filing Friday.The bank is looking to redeem its 1.589% fixed rate/floating rate senior unsecured notes due 2027.The notes will be redeemed on May 24, the bank said.

HKG:0005
Research

BNP Paribas Downgrades HSBC Holdings to Neutral from Outperform; Price Target is 14.50 Pounds

HSBC Holdings (HKG:0005) has an average rating of overweight and mean price target of 13.57 pounds, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

HKG:0005
Asia

Market Chatter: HSBC Holdings Bond Banker to Leave Lender for Rival

A senior HSBC Holdings (HKG:0005) official overseeing part of the bank's bond business is leaving the firm for rival Bank of America, marking the second such departure in recent days, Bloomberg reported Monday, citing people familiar with the matter.Khaled Darwish, HSBC's head of debt capital markets for Central and Eastern Europe, the Middle East and Africa, is leaving the role for a position as head of Bank of America's Middle East and North Africa corporate banking in Dubai, the people told the news agency.Darwish's departure follows the exit of Nour Safa, who oversaw HSBC's debt capital markets for the Middle East and North Africa. Safa is reportedly joining Goldman Sachs Group.(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.)

HKG:0005
Asia

HSBC, StanChart-led JV Granted Hong Kong Stablecoin Licences

Hong Kong granted its first batch of stablecoin licences to HSBC (HKG:0005) and a joint venture led by Standard Chartered (HKG:2888) called Anchorpoint Financial, according to a statement on Friday.Both firms plan to complete the necessary preparation work to launch the business in the coming few months, according to the Hong Kong Monetary Authority."We hope [the firms'] promotion of regulated stablecoins will address pain points in financial and economic activities, create value for both individuals and businesses, and support the healthy development of digital assets in Hong Kong," HKMA Chief Executive Eddie Yue said in a statement.

Hang SengHKG:0005HKG:2888

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