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HSBC's Capital Boosted
Posted by admin on Sep 12, 2008 in Capital
Through recent stock offering, HSBC Holdings plc. has raised 12.5 billion pounds ($17.7 billion). This, the company believes would boost its capital levels. The share offering was priced at 254 pence. This is of 41% discount to HSBC’s closing London share price. About 97% of share offering has been sold so far. This will make HSBC profitable, liquid and capitalized.