HSBC Files SEC Self Registration
WASHINGTON (Dow Jones)–HSBC USA Inc., a subsidiary of HSBC Holdings PLC (HBC), filed a shelf registration Wednesday with the Securities and Exchange Commission to sell an undisclosed amount of debt securities, preferred stock, warrants, purchase contracts and units.
The New York bank-holding company said it will use the net proceeds for general corporate purposes, which may include investments in and extensions of credit to subsidiaries, financing of future acquisitions and redemption of outstanding securities.
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