LONDON, April 12 Europe's largest bank HSBC
Holdings (HSBA.L) is looking to sell three of its biggest office
buildings to raise 2.7 billion pounds ($3.98 billion), the
Sunday Telegraph reported without citing sources.
HSBC plans to sell and lease back the buildings, which
inlude its London headquarters in the financial district of
Canary Wharf, its French base in Paris and some New York
offices, the paper said.
HSBC bought back its skyscraper at Canary Wharf for 838
million pounds from ailing Spanish property firm Metrovacesa
MVC.MC at the end of last year after the Spanish firm failed
to refinance a loan secured on the building.
HSBC, which has just completed a rights issue raising 12.9
billion pounds, could not be immediately reached for comment.
(Reporting by Victoria Bryan; editing by Mike Nesbit)