Shearman & Sterling advised the underwriters (led by HSBC Securities (USA) Inc.) in connection with HSBC Holdings plc’s offering of US$7 billion of its fixed and floating rate senior unsecured notes.

This is believed to be the largest ever "Yankee" senior debt offering by a bank parent holding company, HSBC’s largest ever dollar issuance, and the largest debt offering by a bank in the last two years.

HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. HSBC Group operates through long-established businesses and has an international network of over 4,700 branches in 71 countries and territories in Europe, Asia, the Middle East and North Africa, North America and Latin America. 

The Team