> ## Content Index > Fetch the complete content index at: https://www.theglobalbanker.com/llms.txt > Use this file to discover other available public pages before exploring further. # UK's HSBC launches three-part dollar senior bond sale to fund up to $5 billion buyback of 2028 notes - URL: https://www.theglobalbanker.com/hsbc-three-part-5-billion-senior-debt-issuance-bond-buyback/ - Published: 2026-08-05T15:00:00.000Z - Updated: 2026-10-02T00:50:33.000Z - Description: HSBC launched a three-part dollar senior debt issuance to fund tender offers for up to $5 billion of its bonds maturing in 2028. - Author: TGB Editorial Team - Tags: Banking News, Europe HSBC Holdings launched a three-part dollar-denominated senior debt issuance on 5 August, part of a wider liability-management exercise aimed at repurchasing up to $5 billion of the group's outstanding bonds maturing in 2028\. The tender offers, for four series of fixed rate/floating rate senior unsecured notes due 2028, were announced in a regulatory filing. The new deal includes two fixed-to-floating rate senior notes and one floating rate note. The precise tenors and coupons were to be finalised through the marketing process. #### REFINANCING 2028 MATURITIES HSBC said the tender offers are intended to proactively manage its outstanding debt portfolio, and made completing them conditional on the successful pricing of the new issuance. #### OFFER TERMS The exact size and pricing of each tranche will be finalised through the marketing process, with HSBC Securities (USA) Inc. acting as sole book-running manager. The four series of 2028 notes targeted by the tender offers have a combined $8.6 billion outstanding. HSBC has separately tapped non-dollar markets in recent months, including a three-part Australian dollar bond deal in May. The tender offers are governed by an Offer to Purchase dated 5 August and available through the information agent, Global Bondholder Services Corporation, which sets out the terms of the offers for the four series of eligible notes.