HSBC 2011 Annual Report Download - page 389

387
Overview Operating & Financial Review Corporate Governance Financial Statements Shareholder Information
34 Subordinated liabilities
HSBC
2011 2010
US$m US$m
Subordinated liabilities
At amortised cost .................................................................................................................................. 30,606 33,387
– subordinated liabilities ..................................................................................................................... 25,543 28,309
– preferred securities ........................................................................................................................... 5,063 5,078
Designated at fair value (Note 29) ....................................................................................................... 21,611 23,815
– subordinated liabilities ..................................................................................................................... 17,503 19,395
– preferred securities ........................................................................................................................... 4,108 4,420
52,217 57,202
Subordinated liabilities
HSBC Holdings .................................................................................................................................... 21,456 22,878
Other HSBC ......................................................................................................................................... 30,761 34,324
52,217 57,202
HSBC’s subordinated liabilities
2011 2010
US$m US$m
Amounts owed to third parties by HSBC Holdings (see page 390) .................................................... 21,456 22,878
Other HSBC subordinated liabilities
Step-up perpetual preferred securities guaranteed by HSBC Holdings1
US$1,250m 4.61% non-cumulative step-up perpetual preferred securities .................................... 1,163 1,185
US$900m 10.176% non-cumulative step-up perpetual preferred securities, Series 2 ................. 891 891
€1,400m 5.3687% non-cumulative step-up perpetual preferred securities ................................ 1,693 1,843
€750m 5.13% non-cumulative step-up perpetual preferred securities .................................... 872 958
€600m 8.03% non-cumulative step-up perpetual preferred securities .................................... 776 801
£500m 8.208% non-cumulative step-up perpetual preferred securities .................................. 771 772
6,166 6,450
Step-up perpetual preferred securities guaranteed by HSBC Bank plc2
£700m 5.844% non-cumulative step-up perpetual preferred securities .................................. 1,084 1,087
£300m 5.862% non-cumulative step-up perpetual preferred securities .................................. 378 434
1,462 1,521
HSBC Bank plc and subsidiaries
£350m Callable subordinated variable coupon notes 20173 .................................................... 550 562
£500m 4.75% callable subordinated notes 20204 .................................................................... 759 774
€500m Callable subordinated floating rate notes 20205 .......................................................... 550 592
£350m 5.00% callable subordinated notes 20236 .................................................................... 533 547
£300m 6.5% subordinated notes 2023 ..................................................................................... 463 462
US$300m 7.65% subordinated notes 2025 ................................................................................... 374 342
£350m 5.375% callable subordinated step-up notes 20307 ..................................................... 493 510
£500m 5.375% subordinated notes 2033 ................................................................................. 678 729
£225m 6.25% subordinated notes 2041 ................................................................................... 346 347
£600m 4.75% subordinated notes 2046 ................................................................................... 917 919
US$750m Undated floating rate primary capital notes ................................................................. 750 750
US$500m Undated floating rate primary capital notes ................................................................. 500 500
US$300m Undated floating rate primary capital notes, Series 3 .................................................. 300 300
€800m Callable subordinated floating rate notes 20168 .......................................................... – 1,070
€600m 4.25% callable subordinated notes 20168 .................................................................... – 823
US$300m 6.95% subordinated notes 2011 ................................................................................... – 310
Other subordinated liabilities each less than US$200m .............................................. 617 662
7,830 10,199