HSBC plans £12bn-plus share issue

View an online version of this email here.  All times are London time: Friday Feb 27 2009 Breaking news HSBC plans £12bn-plus share issue HSBC is planning to raise more than £12bn through a share issue as the banking group seeks to shore up its capital buffers in order to cope with the global economic downturn. The bank was on Friday night finalising the issue, which is likely to be unveiled alongside its full-year 2008 results on Monday. However, people involved in the discussions warned that details such as the exact price of the offering had not been set and it could still be postponed. HSBC is also expected to announce a cut in its dividend. Read more » ABOUT THIS EMAIL You have received this email because you have signed up for this briefing on FT.com Manage subscriptions | Unsubscribe | Change your email address Change whether you receive this email as HTML or plain text | Forward this email to a friend Privacy policy | Advertise | Contact © Copyright The Financial Times Ltd 2009. "FT" and "Financial Times" are trademarks of the Financial Times. The Financial Times Limited, registered in England and Wales number 227590. Registered office: Number One Southwark Bridge, London SE1 9HL. VAT number GB 278 5371 21.