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HSBC Holdings To Raise $2.5B

HSBC Holdings is selling $2.5 billion of senior unsecured notes.

HSBC Holdings is selling $2.5 billion of senior unsecured notes, The Wall Street Journal reports. The bank intends to use the proceeds for general corporate purposes, which could include the repayment of outstanding debt securities.

HSBC will be the sole bookrunning manager for the transaction, adds Reuters. The notes carry a coupon rate of 5.10% and are scheduled to mature on due April 5, 2021.

Click here for the story from The Wall Street Journal.

Click here for additional coverage from Reuters.

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