HSBC Plans $1.5 Billion Contingent Convertible Bond Issue
HSBC said it plans to issue $1.5 billion of perpetual subordinated contingent convertible securities to strengthen its capital base and for general corporate purposes.
HSBC LSE:HSBA, LSE:HSBA, Europe's largest bank, said on Friday it plans to issue $1.5 billion of perpetual subordinated contingent convertible securities to strengthen its capital base and for general corporate purposes.