HSBC Sells $3.4b in Bonds

Europe’s largest bank, HSBC Holdings Plc, sold .4 billion of undated bonds in the biggest issue of its kind for almost two years, re-opening a market that’s been shut since December.
HSBC’s bonds, which have no maturity date and are callable after 5 1/2 years, will pay a coupon of 8 percent, according to a [...]
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