LONDON (dpa-AFX) - HSBC Finance Corp. announced Monday the expiration and results of its offer to exchange any or all of its outstanding $2.94 billion aggregate principal amount of 6.676% Senior Subordinated Notes due 2021 that were issued on December 3, 2010 and December 13, 2010.
The exchange offer expired at 11:59 PM, New York City time, on Friday, October 14, 2011, as announced on September 16.
Global Bondholder Services Corp., the exchange agent for the exchange offer, has advised that an aggregate principal amount of about $2,92 billion of the old notes were validly tendered and not validly withdrawn prior to the expiration of the Exchange Offer. This represents about 99.47 percent of the old notes.
The company noted that all the noted that were validly tendered and not validly withdrawn have been accepted for exchange pursuant to the terms of the Exchange Offer.
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