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Household Capital Trust I, 8 1/4% TOPrS Trust Orig Preferred Securities
Ticker Symbol: HI-T* CUSIP: 44180E208 Exchange: NYSE
* NOTE: This security is no longer trading as of 8/15/2003
Security has been Called for: Friday, August 15, 2003
July 23, 2003 -- Household International, Inc., a subsidiary of HSBC Holdings plc (NYSE: HBC), announced today that it will call all 4,000,000 shares of its Household Capital Trust I 8.25% Trust Preferred Securities due June 30, 2025 (NYSE: HIPrT) and all 8,000,000 shares of its Household Capital Trust IV 7.25% Trust Preferred Securities due December 31, 2037 (NYSE: HIPrP). The redemption price for each issue will be $25 plus accrued interest to the redemption date, which in each case, will be August 15, 2003.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Household Capital Trust I, 8 1/4% Trust Originated Preferred Securities (TOPrS), liquidation amount $25, guaranteed by Household Intl Inc. (NYSE: HI), redeemable at the issuer's option on or after 6/30/2000 at $25 per share plus accrued and unpaid dividends, maturing 6/30/2025 which may be extended for an addition 19 years, distributions of 8 1/4% per annum are paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the business day one day prior to the payment date. The company has the right, at any time, to defer interest payments for up to 20 consecutive quarters (see IPO prospectus for details). The trust's assets consist of the 8 1/4% Junior Subordinated Deferrable Interest Debentures due 2025 (which may be extended for 19 years) which were purchased from the company using the funds generated from the sale of the trust preferred securities. See the IPO prospectus for further information on the TOPrS by clicking on the link provided below.
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Go to Parent Company's Record (HBC)
IPO - 6/2/1995 - 3.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $75.4 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Foreign Address and Phone Numbers |
| Address: 8 Canada Square, London E14 5HQ, United Kingdon |
| Main Phone Number |
+44-20-7991-8888 |
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Inv Rel Phone Number
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+44-20-7991-8041 |
| Address and Phone Numbers |
| U.S. Representative |
HSBC North America Holdings Inc. |
| Address: 26525 N. Riverwoods Boulevard, Mettawa, IL 60045 |
| Main Phone Number |
212-525-5000 |
| Fax Number |
224-544-4400 |
| Investor Relations
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224-544-4400
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Toll Free Phone Number |
Unknown |
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