Report of Foreign Issuer (6-k)
May 04 2018 - 1:06PM
Edgar (US Regulatory)
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a - 16 or 15d - 16 of
the Securities Exchange Act of 1934
For the
month of
May
2018
HSBC Holdings plc
42nd
Floor, 8 Canada Square, London E14 5HQ, England
(Indicate
by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F).
Form
20-F X Form 40-F
(Indicate
by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934).
Yes
No X
(If
"Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-
).
CHANGE IN CAPITAL RECOGNITION
OF SELECTED CAPITAL SECURITIES
HSBC
has today changed how some of its capital securities are recognised
for consolidated regulatory capital purposes.
The
securities were previously partially recognised by HSBC Holdings
plc in its consolidated capital as tier 2 capital under
transitional arrangements (so-called 'grandfathering') provided in
the Capital Requirements Regulation (Regulation (EU) No 648/2012).
The securities will now be recognised as fully eligible tier 2
instruments.
If the
change had been effective on 31 March 2018, the impact would have
been as follows:
Measurement basis
|
HSBC Holdings plc consolidated total capital ratio at 31 March
2018
|
HSBC Holdings plc consolidated total capital ratio if securities
had been included as fully eligible tier 2
instruments
|
Transitional
basis
|
20.7%
|
21.1%
|
End
point basis
|
18.6%
|
20.1%
|
The
change affects the following series of capital
securities:
Nominal amount
|
Maturity date
|
Coupon
|
ISIN
|
Securities issued by HSBC Holdings plc
|
US$488
million
|
May
2032
|
7.625%
|
US404280AF65
1
|
US$222
million
|
November
2032
|
7.350%
|
US404280AE90
|
US$2,000
million
|
May
2036
|
6.500%
|
US404280AG49
|
US$2,500
million
|
September
2037
|
6.500%
|
US404280AH22
|
US$1,500
million
|
June
2038
|
6.800%
|
US404280AJ87
|
Securities issued by HSBC Bank plc
|
GBP300
million
|
July
2023
|
6.500%
|
XS0088317853
|
GBP500
million
|
August
2033
|
5.375%
|
XS0174470764
|
GBP225
million
|
January
2041
|
6.250%
|
XS0120514335
|
GBP600
million
|
March
2046
|
4.750%
|
XS0247840969
|
US$300
million
2
|
May
2025
|
7.650%
|
US597433AC57
|
US$750
million
|
Undated
|
Floating
|
GB0005902332
|
US$500
million
|
Undated
|
Floating
|
XS0015190423
|
US$300
million
|
Undated
|
Floating
|
GB0005903413
|
Securities issued by HSBC Bank USA, N.A.
|
US$1,250
million
|
August
2020
|
4.875%
|
US4042Q1AE77
|
US$1,000
million
|
November
2034
|
5.875%
|
US4042Q1AA55
|
US$750
million
|
August
2035
|
5.625%
|
US4042Q1AB39
|
US$700
million
|
January
2039
|
7.000%
|
US4042Q1AD94
|
Securities issued by The Hongkong and Shanghai Banking Corporation
Limited
|
US$400
million
|
Undated
|
Floating
|
GB0004355490
|
Notes:
1
See also US404280AD18 (144A) and USG4634UAV47 (Reg.
S).
2
Also to be included as fully eligible tier 2 instruments
in the solo and consolidated capital of HSBC Bank
plc.
This
announcement includes inside information as defined in Article 7 of
the Market Abuse Regulation No. 596/2014.
Investor enquiries to:
Greg
Case
+44 (0) 207 992
3825
greg.case@hsbc.com
Media enquiries to:
Heidi
Ashley
+44 (0) 20 7992
2045
heidi.ashley@hsbc.com
Notes to editors:
HSBC Holdings plc
HSBC
Holdings plc, the parent company of the HSBC Group, is
headquartered in London. The Group serves customers worldwide from
around 3,900 offices in 67 countries and territories in Europe,
Asia, North and Latin America, and the Middle East and North
Africa. With assets of US$2,652bn at 31 March 2018, HSBC
is one of the world's largest banking and financial services
organisations.
ends/all
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
HSBC
Holdings plc
|
|
|
|
By:
|
|
Name:
Ben J S Mathews
|
|
Title:
Group Company Secretary
|
|
|
|
Date:
04 May 2018
|
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