HSBC 2012 Annual Report Download - page 486

HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
33 – Subordinated liabilities / 34 – Maturity analysis
484
HSBC Holdings
At 31 December
2012 2011
US$m US$m
Subordinated liabilities:
– at amortised cost ........................................................................................................................................... 11,907 12,450
– designated at fair value (Note 28) ................................................................................................................ 14,618 15,398
26,525 27,848
HSBC Holdings’ subordinated liabilities
At 31 December
First call
date
Maturity
date
2012
US$m
2011
US$m
Amounts owed to third parties1
US$1,400m 5.25% subordinated notes .......................................................... – Dec 2012 – 1,438
US$488m 7.625% subordinated notes ........................................................ – May 2032 579 578
US$222m 7.35% subordinated notes .......................................................... – Nov 2032 258 257
US$2,000m 6.5% subordinated notes ............................................................ – May 2036 2,034 2,048
US$2,500m 6.5% subordinated notes ............................................................ – Sep 2037 3,202 2,634
US$1,500m 6.8% subordinated notes ............................................................ – Jun 2038 1,486 1,486
£250m 9.875% subordinated bonds2 ..................................................... Apr 2013 Apr 2018 442 445
£900m 6.375% callable subordinated notes3 ......................................... Oct 2017 Oct 2022 1,648 1,416
£650m 5.75% subordinated notes .......................................................... – Dec 2027 1,210 926
£650m 6.75% subordinated notes .......................................................... – Sep 2028 1,041 997
£750m 7.0% subordinated notes ............................................................ – Apr 2038 1,264 1,205
£900m 6.0% subordinated notes ............................................................ – Mar 2040 1,431 1,369
€1,000m 5.375% subordinated notes ........................................................ – Dec 2012 – 1,327
€1,600m 6.25% subordinated notes .......................................................... – Mar 2018 2,118 2,073
€1,750m 6.0% subordinated notes ............................................................ – Jun 2019 2,882 2,388
€700m 3.625% callable subordinated notes4 ......................................... Jun 2015 Jun 2020 974 869
20,569 21,456
Amounts owed to HSBC undertakings
€600m 8.03% subordinated step-up cumulative notes5 ......................... Jun 2012 Jun 2040 – 775
US$1,250m 4.61% fixed/floating subordinated notes ................................... Jun 2013 Jun 2043 1,264 1,223
€1,400m 5.3687% fixed/floating subordinated notes ............................... Mar 2014 Dec 2043 1,952 1,791
£500m 8.208% subordinated step-up cumulative notes ........................ Jun 2015 Jun 2040 806 771
€750m 5.13% fixed/floating subordinated notes ................................... Mar 2016 Dec 2044 1,043 941
US$900m 10.176% subordinated step-up cumulative notes ...................... Jun 2030 Jun 2040 891 891
5,956 6,392
26,525 27,848
1 Amounts owed to third parties represent securities included in the capital base of HSBC as lower tier 2 securities in accordance with
guidance in the FSA’s GENPRU.
2 In February 2013, HSBC Holdings gave notice that it will call and redeem the bonds at par in April 2013.
3 The interest rate payable after October 2017 is the sum of the three-month sterling Libor plus 1.3%.
4 The interest rate payable after June 2015 is the sum of the three-month Euribor plus 0.93%.
5 In June 2012, HSBC Holdings redeemed its €600m 8.03% subordinated step-up cumulative notes at par.