HSBC Completes Bond Issuance

Skadden advised HSBC Securities (USA) Inc. as lead underwriter in a $10 billion offering of senior notes and contingent convertible securities by HSBC Holdings plc in five tranches. The $8 billion senior note issuance is the largest issue of debt by a foreign financial institution into the U.S. market this year and HSBC's largest-ever dollar issuance.