HSBC Holdings plc accepted $4.9 billion in aggregate consideration for the cash tender offers of four note series. The repurchased securities include notes maturing in March, May, September, and November 2028.
The bank previously increased its maximum tender amount from $5 billion to $6.75 billion. Tenders for the May 2028 notes exceeded the series cap, requiring the bank to apply proration to those holdings.
HSBC scheduled the final payment for the accepted notes on August 17, 2026. The company will cancel all repurchased notes upon settlement.