HSBC Holdings sells $2 billion of perpetuals - source

NEW YORK, April 2 (Reuters) - HSBC Holdings (HSBA.L: Quote, Profile, Research) (0005.HK: Quote, Profile, Research) (HBC.N: Quote, Profile, Research) on Wednesday sold $2 billion of perpetual subordinated capital securities, said a source familiar with the transaction.

The securities have a coupon rate of 8.125 percent and were priced at $25.00 per share. They are non-callable for five years.

The amount of the issue was increased from a planned $300 million.

Citigroup, HSBC Securities, Merrill Lynch, Morgan Stanley and UBS Investment Bank were the joint lead managers of the sale. (Reporting by Pam Niimi; Editing by Tom Hals)