HSBC Holdings PLC (HSBC) Bolsters its Australian Liquidity Levels

HSBC Holdings plc (NYSE:HSBC) is one of the cheap blue-chip stocks to invest in now. On August 28, the company increased its Australian dollar liquidity by issuing A$1.75 billion in senior unsecured notes under an A$10 billion debt issuance program.

The A$1.75 billion in senior unsecured notes are to be issued in three tranches of A$450 million fixed-to-Floating Rate Senior Unsecured Notes due August 28, 2031. It will also issue A$600 million unsecured notes due 2036 and A$700 million floating unsecured notes due 2031.

By listing the notes on Euronext Dublin, HSBC is targeting international investors and providing secondary market access. Additionally, issuing fixed or floating-rate bonds maturing in 2031 and 2036 allows the bank to diversify its balance sheet.

HSBC Holdings plc (NYSE:HSBC) is a multinational universal bank offering a wide range of services, including retail, commercial, corporate, and institutional banking, wealth management, investment, asset management, and insurance to individuals, businesses, and governments worldwide.

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Disclosure: None. This article is originally published at Insider Monkey.