HSBC Holdings in $1.5 Billion Debt Offering

May 26, 2008

Cleary Gottlieb represented long-time client HSBC Holdings plc in its offering of $1.5 billion of its 6.8% subordinated notes due 2038. The notes are listed on the New York Stock Exchange. The offering closed on May 26.

HSBC is one of the largest banking and financial services organizations in the world, with 10,000 properties in 83 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. The company provides a comprehensive range of financial services, including personal financial services and commercial banking.