HSBC shareholders take 96% of rights issue

Banking giant HSBC today said shareholders had taken up 96.6% of the new shares on offer in a £12.5bn (€13.7bn) rights issue.

Sun, 05 Apr, 2009 - 16:24

Banking giant HSBC today said shareholders had taken up 96.6% of the new shares on offer in a £12.5bn (€13.7bn) rights issue.

The heavily-discounted cash call was the largest in UK corporate history after HSBC sustained heavy losses on its operations in the United States.

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