HSBC 2009 Annual Report Download - page 453

451
HSBC’s subordinated liabilities
2009 2008
US$m US$m
Amounts owed to third parties by HSBC Holdings (see below) ....................................................... 23,048 23,544
Other HSBC subordinated liabilities
€1,400m 5.3687% non-cumulative step-up perpetual preferred securities1 .............................. 1,804 1,532
US$1,350m 9.547% non-cumulative step-up perpetual preferred securities, series 11 .................. 1,339 1,337
€800m Callable subordinated floating rate notes 20162 ......................................................... 1,152 1,116
£700m 5.844% non-cumulative step-up perpetual preferred securities3 ................................ 1,136 1,021
US$1,250m 4.61% non-cumulative step-up perpetual preferred securities1 .................................. 1,077 745
US$1,000m 4.625% subordinated notes 2014 ................................................................................ 1,002 1,001
US$1,000m 5.911% trust preferred securities 20354 ...................................................................... 993 992
£600m 4.75% subordinated notes 2046 .................................................................................. 961 863
€750m 5.13% non-cumulative step-up perpetual preferred securities1 .................................. 960 790
US$1,000m 5.875% subordinated notes 2034 ................................................................................ 950 953
€600m 4.25% callable subordinated notes 20165 ................................................................... 904 831
US$900m 10.176% non-cumulative step-up perpetual preferred securities, series 21 ................ 900 900
€600m 8.03% non-cumulative step-up perpetual preferred securities1 .................................. 862 834
£500m 8.208% non-cumulative step-up perpetual preferred securities1 ................................ 806 724
£500m 4.75% callable subordinated notes 20206 ................................................................... 785 675
£500m 5.375% subordinated notes 2033 ................................................................................ 776 659
US$750m Undated floating rate primary capital notes ................................................................ 750 750
US$750m 5.625% subordinated notes 2035 ................................................................................ 712 715
US$700m 7.00% subordinated notes 2039 .................................................................................. 688 694
€500m Callable subordinated floating rate notes 20207 ......................................................... 639 567
£350m Callable subordinated variable coupon notes 20178 ................................................... 608 518
£350m 5% callable subordinated notes 20239 ........................................................................ 550 481
£350m 5.375% callable subordinated step-up notes 203010 ................................................... 531 461
US$500m 6.00% subordinated notes 2017 .................................................................................. 521 498
US$500m Undated floating rate primary capital notes ................................................................ 500 500
£300m 6.5% subordinated notes 2023 .................................................................................... 483 436
US$450m Callable subordinated floating rate notes 20162 ......................................................... 449 449
£300m 5.862% non-cumulative step-up perpetual preferred securities3 ................................ 412 333
US$400m Primary capital undated floating rate notes ................................................................. 407 410
US$400m Primary capital undated floating rate notes (second series) ....................................... 404 404
US$400m Primary capital undated floating rate notes (third series) ........................................... 400 400
CAD400m 4.80% subordinated notes 2022 .................................................................................. 382 277
£225m 6.25% subordinated notes 2041 .................................................................................. 363 325
US$300m 6.95% subordinated notes 2011 .................................................................................. 321 324
US$300m 7.65% subordinated notes 2025 .................................................................................. 312 384
US$300m Undated floating rate primary capital notes, series 3 ................................................. 300 300
US$300m Callable subordinated floating rate notes 201711 ........................................................ 299 299
BRL500m Subordinated certificates of deposit 2016 ................................................................... 287 215
US$250m Non-convertible subordinated obligations 2019 ......................................................... 247 –
BRL383m Subordinated certificates of deposit 2015 .................................................................. 220 –
US$250m 7.20% subordinated debentures 2097 ......................................................................... 213 218
US$200m 7.808% capital securities 2026 ................................................................................... 200 200
US$200m 8.38% capital securities 2027 ..................................................................................... 200 200
CAD200m 4.94% subordinated debentures 2021 ......................................................................... 190 163
US$200m 7.75% subordinated notes 2009 .................................................................................. – 203
US$200m 6.625% subordinated notes 2009 ................................................................................ – 198
Other subordinated liabilities each less than US$200m ............................................. 3,868 3,711
31,863 29,606
54,911 53,150
Subordinated loan capital is repayable at par on maturity, but some is repayable prior to maturity at the option of the
borrower, generally subject to prior notification to the Financial Services Authority and, where relevant, the consent
of the local banking regulator, and in certain cases at a premium over par. Interest rates on the floating rate loan
capital are related to interbank offered rates. On the remaining subordinated loan capital, interest is payable at fixed
rates up to 10.176 per cent.