Main

Last Update Date:10 August 2018

Notes, Risk Disclosure and Disclaimer

Independence intermediary

Phillip Securities (Hong Kong) Ltd. is an independent intermediary for the product of bonds because:

1. we do not receive fees, commissions, or any other monetary benefits, provided by any party in relation to the distribution of the investment product to you; and

2. we do not have any close links or other legal or economic relationships with the product of bond issuers, or receive any non-monetary benefits from any party, which are likely to impair its independence to favour any bond product, any class of bond products or any bond issuer.

Key Product Risks

It is crucial to understand the specific forms and risks mentioned in the relevant offering documents (if applicable) before investing. Key risks include but are not limited to as stated on the next page:

1.Credit Risk

Investors assume credit risk of the Issuer and the Guarantor (if applicable). Any changes to the credit rating of them will affect the price and value of the bonds. Bonds are subject to the risk of the issuer defaulting on its obligations, i.e. An issuer fails to make principal and interest payments when due. The worst case such as bankruptcy of the Issuer/Guarantor will result in the loss of your entire investment. Credit ratings assigned by credit rating agencies do not guarantee the creditworthiness of the issuer.

2.Liquidity Risk

The bond may have limited liquidity and may not be actively traded and/or quoted by brokers in the market. As such,

(i) The value of bond and/or indicative bid/offer price will depend on market liquidity and conditions and may not be available at all times;

(ii) It may take a longer time or impossible to sell the bond to the market; and;

(iii)The executable sale price may be unfavourably different by large amounts from the indicative bid price quoted.

3.Interest Rate  Risk

Bonds are more susceptible to fluctuations in interest rates and generally prices of bonds will fall when interest rates rise.

4.Market Risk

The value of investments may fluctuate due to changing political, legal, economic conditions and change in interest rate. This is common to all markets and asset classes. Investor may get back an amount substantially less than initially invested.

5.Curreny Risk

For bonds denominated in a foreign currency, there may be an exchange loss when converting the redemption amount back to the local or base currency.

For Product denominated in Renminbi (RMB) or with underlying assets that are denominated in RMB only

Conversion between RMB and foreign currencies, including Hong Kong dollar, subject to PRC regulatory restrictions – RMB is currently not freely convertible and conversion of RMB through banks in Hong Kong is subject to certain restrictions. The PRC government regulates conversation between RMB and foreign currency both in Hong Kong SAR and mainland China, which as a result may affect the liquidity.

High-yield Bonds Risks

In addition to the generic risks listed above, high-yield bonds are subject to risks such as :

1.Higher Credit Risk

Since they are typically rated below investment grade or are unrated and as such are often subject to a higher risk of issuer default;

2.Vulnerability to Economic Cycles

During economic downturns such bonds typically fall more in value than investment grade bonds as (i) investors become more risk averse and (ii) default risk rises.

Some bonds may contain special features and risks that warrant special attention. These include bonds:

1.Risk associated with perpetual debentures

Perpetual debenture does not have a maturity date, and the coupon paymentspay-out depends on the viability of the issuer in the very long term, it may be deferred or even suspended subject to the terms and conditions of the issue. Furthermore perpetual debentures are often callable and/or subordinated, and bear reinvestment risk and/or subordinated bond risk, detailed below.

2.Re-investment Risk of Callable Bond

If the bond is callable in which the issuer may redeem the bond before maturity, it is subject to reinvestment risk. The yield received when re-investing the proceeds may be less favorable.

3.Risk associated with subordinated debentures

Holders of subordinated debentures will bear higher risks than holders of senior debentures of the issuer due to a lower priority of claim in event of the Issuer’s liquidation. Subordinated debentures are unsecured and have lesser priority than that of an additional debt claim of the same asset. They usually have a lower credit rating than senior bonds. Investor’s specific attention is drawn to the credit information of this product, including the respective credit rating of the Issuer, the debenture and/or the guarantor, as the case may be.

4.Risk associated with variable coupon/ coupon deferral features

If the bonds contain variable and/or deferral of interest payment terms and investors would face uncertainty over the amount and time of the interest payments to be received.

5.Risk associated with extendable maturity date

If the bonds contain extendable maturity dates terms and investors would not have a definite schedule of principal repayment.

6.Risk associated with convertible or exchangeable debentures

They are convertible or exchangeable in nature and investors are subject to both equity and bond investment risk; and/or that have contingent write-down or loss absorption feature and the bond may be written-off fully or partially or converted to common stock on the occurrence of a trigger event.

Bonds Trading

Besides traditional stock market, we are also providing the bonds trading and investing services, which let you enjoy a fixed and steady income under the fast changing environment.

About bonds

Bond is an instrument of indebtedness of the bond issuer to the holders. Government, corporations and companies issue bonds to raise fund. Buying bonds is same as lending fund to the issuers, issuers are obliged to pay them interest (the coupon) and/or to repay the principal at a later date, termed the maturity. Bond holders can choose to hold to bonds until it matures or sell it before maturity at the market price.

Why Investing Bonds

  • Enjoy a higher return than bank fixed deposits
  • Receive coupon interest regularly
  • Variety of choice. Select the bonds suit you the most
  • Credit ratings of government bonds are higher than the banks
  • Maturity can be as short as 3 months
  • Withdraw before maturity without charging extra interests
  • Can be used as stock margin deposits*
  • Handling fee as low as 0.15% of the nominal value
  • Generally, Corporate bonds are less volatile than the related stock

*Margin ratio of bonds up to 80%

Bonds

Bonds Investment service in Phillip

We are providing you a comprehensive bonds investment service with a direct hotline, perfect branch network and precise quote service.

  • Minimum Investment amount: HKD 500,000 or minimum niminal value for HKD bonds. USD100,000 for USD bonds.
  • No interest collection charges or redeem fees.
  • Feel free to call us at 2277 6662 to ask for more information and quotes.

查詢

查詢債券最新報價及進行交易,歡迎聯絡您的客戶主任或致電債券投資熱線 2277 6662。
電郵 : bonds@phillip.com.hk


亦可參考本公司於香港金融管理局債券報價網站之最新報價

香港金融管理局債券報價網站

 

債券最新報價亦可參考香港金融管理局的輝立証券(香港)有限公司 債券報價網站
本公司以主事人身分行事,並與以上產品的發行人沒有從屬關係。

 

輝立証券(香港)有限公司已採取措施提供準確而可靠的資料,但並不保證資料絕對無誤,及不擬就有關由第三方提供的資料所出現的錯誤或違漏承擔任何責任。 以上所有資料只供參考用途。投資決定在於您本人。除非你完全明白及願意承擔債券的相關風險,否則你不應投資該產品。 債券表現受發行人的實際和預計借貸能力所影響。就償債責任而言,債券不保證發行人不會拖欠債務。在最壞情況下(如發行者不履行契約),債券持有人可能無法取回債券的利息和本金。
債券主要提供中長期的投資,並不是短線投機的工具。你應準備於整段投資期內將資金投資於有關債券上;若你選擇在到期日之前提早出售債券,可能會損失部份或全部的投資本金。
債券的利息和本金是由發行者償還,債券持有人須承擔發行者的信貸風險。如果發行者不履行契約,債券持有人可能無法取回債券的利息和本金。在此情況下,債券持有人不能向本公司追討任何賠償,並與以上產品的發行人沒有從屬關係。

有關債券的風險請查看此連結

We have performed product due diligence on the list of bonds listed below. Clients may select the right product from list according to their own product risk.
The availability of a reference price for any particular bond is subject to market liquidity. Please contact 2277-6662 for the quotation or further details.

   
High Yield Bonds
Currency Issuer Coupon
(%)
Maturity
(mm/dd/yyyy)
Bid Offer Yield
(%)
Offer Yield
(%)
Risk Min. Piece Increment Redeem
USD BOMBARDIER INC
BBDBCN 7 1/2 03/15/25
7.5 3/15/2025 98.491 99.814 7.825 7.537 High 50000 1000 Y
USD GARUDA ID GLOBAL SUKUK
GARUDA 5.95 06/03/20
5.95 6/3/2020 99.31 99.809 6.664 6.146 High 200000 1000 N
USD GRAND CHINA AIR HONG KON
GRCHAR 6 3/8 03/07/19
6.375 3/7/2019 - - - - High 200000 1000 N
USD HNA GROUP INTL CO LTD
SANYPH 6 08/18/19
6 8/18/2019 94.57 95.787 31.625 25.611 High 200000 1000 N
USD HNA GROUP INTL CO LTD
SANYPH 8 1/8 12/03/18
8.125 12/3/2018 - - - - High 200000 1000 N
USD HNA GROUP INTL CO LTD
SANYPH 8 7/8 11/06/18
8.875 11/6/2018 - - - - High 200000 1000 N
USD STUDIO CITY FINANCE LTD
STCITY 8 1/2 12/01/20
8.5 12/1/2020 100.25 100.25 - - High 250000 1000 Y
USD ZHONGRONG INT RES CO LTD
SDCOKI 7 1/4 10/26/20
7.25 10/26/2020 69.528 70.53 36.778 35.536 High 200000 1000 N
USD LI & FUNG LTD
LIFUNG 5 1/4 PERP
5.25 Perp. 74.068 74.957 7.088 7.004 High 200000 1000 Y
USD CN ENERGY RSRVE CHMCALS
CERCG 6 1/8 01/15/19 (Offer Suspended)
6.125 1/15/2019 - - - - High 200000 1000 N
USD CREDIT SUISSE GROUP AG
CS 6 1/4 PERP
6.25 Perp. 101.309 101.997 5.735 5.695 High 200000 1000 Y
USD TBLA INTERNATIONAL PTE L
TBLAIJ 7 01/24/23
7 1/24/2023 96.743 97.408 8.041 7.824 High 200000 1000 Y
USD CHINA PROPERTIES GROUP
CHINPR 13 1/2 10/16/18
13.5 10/16/2018 - - - - High 200000 1000 Y
USD INDO ENERGY FINANCE II
INDYIJ 6 3/8 01/24/23
6.375 1/24/2023 98.709 99.348 6.776 6.575 High 200000 1000 Y
USD JIANGSU NANTONG SANJIAN
JINANC 7.8 10/26/20
7.8 10/26/2020 75.565 76.511 30.309 29.257 High 200000 1000 N
USD DAI-ICHI LIFE INSURANCE
DAIL 7 1/4 PERP
7.25 Perp. 107.108 107.704 6.681 6.643 High 50000 1000 Y
USD ZOOMLION HK SPV CO LTD
ZOOMLI 6 1/8 12/20/22
6.125 12/20/2022 99.206 99.902 6.376 6.154 High 200000 1000 N
USD BHP BILLITON FIN USA LTD
BHP 6 1/4 10/19/75
6.25 10/19/2075 103.573 104.14 6.83 6.792 High 200000 1000 Y
USD NOBLE GROUP LTD
NOBLSP 8 3/4 03/09/22 (Offer Suspended)
8.75 3/9/2022 - - - - - 200000 1000 Y
USD ABJA INVESTMENT CO
TATAIN 5.95 07/31/24
5.95 7/31/2024 101.989 102.582 5.501 5.37 High 200000 1000 N
USD VEDANTA RESOURCES PLC
VEDLN 6 01/31/19
6 1/31/2019 - - - - Middle 200000 1000 N
USD FORTUNE STAR BVI LTD
FOSUNI 5 3/8 12/05/20
5.375 12/5/2020 100.551 101.034 4.993 4.661 Middle 200000 1000 N
USD FORTUNE STAR BVI LTD
FOSUNI 5.95 01/29/23
5.95 1/29/2023 98.626 99.212 6.373 6.19 Middle 200000 1000 Y
USD FORTUNE STAR BVI LTD
FOSUNI 6 7/8 01/31/21
6.875 1/31/2021 102.535 103.019 5.265 4.965 Middle 200000 1000 N
USD AGILE GROUP HOLDINGS LTD
AGILE 9 1/2 11/23/20
9.5 11/23/2020 105.954 106.374 5.281 4.995 High 200000 1000 N
USD GLOBAL PRIME CAPITAL
BSDEIJ 7 1/4 04/26/21
7.25 4/26/2021 102.786 103.318 5.687 5.396 High 200000 1000 Y
USD CHINA AOYUAN GROUP LTD
CAPG 6.35 01/11/20
6.35 1/11/2020 100.342 100.709 5.766 5.16 High 200000 1000 N
USD CHINA AOYUAN GROUP LTD
CAPG 7 1/2 05/10/21
7.5 5/10/2021 102.293 102.703 6.23 6.008 High 200000 1000 Y
USD CHINA AOYUAN GROUP LTD
CAPG 7.95 02/19/23
7.95 2/19/2023 102.577 103.051 7.144 7 High 200000 1000 Y
USD CENTRAL CHN REAL ESTATE
CENCHI 8 01/28/20
8 1/28/2020 99.829 100.33 - - High 200000 1000 Y
USD CENTRAL CHINA REAL ESTAT
CENCHI 8 3/4 01/23/21
8.75 1/23/2021 103.456 103.978 6.501 6.172 High 200000 1000 Y
USD CFLD CAYMAN INVESTMENT
CHFOTN 6 1/2 12/21/20
6.5 12/21/2020 100.346 100.701 6.26 6.02 Middle 200000 1000 N
USD CFLD CAYMAN INVESTMENT
CHFOTN 8.6 04/08/24
8.6 4/8/2024 99.161 99.713 8.811 8.669 Middle 200000 1000 N
USD FRANSHION DEVELOPMENT
CHJMAO 6 3/4 04/15/21
6.75 4/15/2021 105.864 106.074 3.498 3.386 Middle 200000 1000 N
USD COUNTRY GARDEN HLDGS
COGARD 5 1/8 01/17/25
5.125 1/17/2025 94.089 94.593 6.389 6.277 High 200000 1000 Y
USD COUNTRY GARDEN HLDG CO
COGARD 7 1/2 03/09/20
7.5 3/9/2020 101.531 101.977 5.453 4.873 High 200000 1000 Y
USD COUNTRY GARDEN HLDGS
COGARD 7 1/4 04/04/21
7.25 4/4/2021 101.526 101.998 6.356 6.085 High 200000 1000 Y
USD COUNTRY GARDEN HLDGS
COGARD 7 1/8 01/27/22
7.125 1/27/2022 104.745 105.184 5.194 5.021 High 200000 1000 Y
USD CHINA SOUTH CITY HOLDING
CSCHCN 10 7/8 08/24/20
10.875 8/24/2020 97.224 98.142 13.34 12.503 High 200000 1000 N
USD CHINA SOUTH CITY HOLDING
CSCHCN 5 3/4 03/09/20
5.75 3/9/2020 94.762 95.545 12.991 11.865 High 200000 1000 N
USD CHINA SOUTH CITY HOLDING
CSCHCN 6 3/4 09/13/21
6.75 9/13/2021 85.115 85.937 14.61 14.132 High 200000 1000 Y
USD CHINA SOUTH CITY HOLDING
CSCHCN 7 1/4 11/20/22
7.25 11/20/2022 80.304 81.337 14.681 14.237 High 200000 1000 N
USD CHINA EVERGRANDE GROUP
EVERRE 10 04/11/23
10 4/11/2023 96.267 96.735 11.207 11.051 High 200000 1000 Y
USD CHINA EVERGRANDE GROUP
EVERRE 10 1/2 04/11/24
10.5 4/11/2024 95.857 96.343 11.63 11.494 High 200000 1000 Y
USD CHINA EVERGRANDE GROUP
EVERRE 6 1/4 06/28/21
6.25 6/28/2021 95.133 95.534 8.854 8.633 High 200000 1000 N
USD CHINA EVERGRANDE GROUP
EVERRE 7 03/23/20
7 3/23/2020 100.081 100.379 6.879 6.501 High 200000 1000 N
USD CHINA EVERGRANDE GROUP
EVERRE 7 1/2 06/28/23
7.5 6/28/2023 89.314 89.816 10.801 10.635 High 200000 1000 Y
USD CHINA EVERGRANDE GROUP
EVERRE 8 1/4 03/23/22
8.25 3/23/2022 95.326 95.818 10.189 9.979 High 200000 1000 Y
USD CHINA EVERGRANDE GROUP
EVERRE 8 3/4 06/28/25
8.75 6/28/2025 87.868 88.408 11.579 11.443 High 200000 1000 Y
USD CHINA EVERGRANDE GROUP
EVERRE 9 1/2 03/29/24
9.5 3/29/2024 93.041 93.548 11.404 11.259 High 200000 1000 Y
USD CHINA EVERGRANDE GROUP
EVERRE 9 1/2 04/11/22
9.5 4/11/2022 98.346 98.729 10.17 10.011 High 200000 1000 N
USD FANTASIA HOLDINGS GROUP
FTHDGR 10 3/4 01/22/20 (Offer Suspended)
10.75 1/22/2020 100 101.001 10.702 9.089 Middle 200000 1000 Y
USD NEW METRO GLOBAL LTD
FTLNHD 6 1/2 04/23/21
6.5 4/23/2021 100.533 100.982 6.194 5.942 Middle 200000 1000 Y
USD FUTURE LAND DEVELOPMENT
FUTLAN 5 02/16/20
5 2/16/2020 99.625 100.007 5.529 4.979 High 200000 1000 N
USD GLP PTE LTD
GLPSP 3 7/8 06/04/25
3.875 6/4/2025 97.725 98.167 4.308 4.223 High 200000 1000 N
USD EASY TACTIC LTD
GZRFPR 7 04/25/21
7 4/25/2021 101.141 101.595 6.351 6.098 Middle 200000 1000 Y
USD KAISA GROUP HOLDINGS LTD
KAISAG 8 1/2 06/30/22
8.5 6/30/2022 93.73 94.333 10.94 10.696 High 200000 1000 Y
USD KAISA GROUP HOLDINGS LTD
KAISAG 9 3/8 06/30/24
9.375 6/30/2024 87.999 88.615 12.638 12.457 High 200000 1000 Y
USD LODHA DEVELOPERS INTL LT
LODHA 12 03/13/20
12 3/13/2020 94.017 96.016 20.464 17.521 High 200000 1000 Y
USD LOGAN PROPERTY HOLDINGS
LOGPH 5 1/4 02/23/23
5.25 2/23/2023 94.085 94.644 7.082 6.903 High 200000 1000 Y
USD LOGAN PROPERTY HOLDINGS
LOGPH 7 1/2 08/27/21
7.5 8/27/2021 102.539 102.996 6.264 6.047 High 200000 1000 Y
USD GEMSTONES INTERNATIONAL
LVGEM 8 1/2 08/15/20
8.5 8/15/2020 97.592 98.483 10.643 9.834 High 200000 1000 N
USD MODERN LAND CHINA CO LTD
MOLAND 12.85 10/25/21
12.85 10/25/2021 98.658 99.095 13.506 13.286 High 200000 1000 N
USD MODERN LAND CHINA CO LTD
MOLAND 6 7/8 10/20/19
6.875 10/20/2019 99.008 99.61 9.415 7.837 High 200000 1000 N
USD MODERN LAND CHINA CO LTD
MOLAND 7.95 03/05/21
7.95 3/5/2021 92.596 93.467 12.735 12.145 High 200000 1000 N
USD POWERLONG REAL ESTATE
PWRLNG 5.95 07/19/20
5.95 7/19/2020 99.128 99.55 6.747 6.356 High 200000 1000 N
USD POWERLONG REAL ESTATE
PWRLNG 6.95 04/17/21
6.95 4/17/2021 99.529 99.993 7.215 6.948 High 200000 1000 N
USD POWERLONG REAL ESTATE HL
PWRLNG 7 5/8 11/26/18
7.625 11/26/2018 - - - - High 200000 1000 N
USD RKPF OVERSEAS 2019 B
ROADKG 7 3/4 04/18/21
7.75 4/18/2021 104.146 104.641 5.407 5.136 High 200000 1000 N
USD RKPF OVERSEAS 2019 A LTD
ROADKG 7 7/8 02/01/23
7.875 2/1/2023 104.165 104.666 6.576 6.425 High 200000 1000 Y
USD RKI OVERSEAS FIN 2017 A
ROADKG 7 PERP
7 Perp. 84.405 85.338 8.293 8.202 High 200000 1000 Y
USD RKP OVERSEAS FI 2016 A
ROADKG 7.95 PERP
7.95 Perp. 91.836 92.641 8.655 8.58 High 200000 1000 Y
USD RONSHINE CHINA
RONXIN 11 1/4 08/22/21
11.25 8/22/2021 106.362 106.884 8.066 7.818 High 200000 1000 N
USD RONSHINE CHINA
RONXIN 6.95 12/08/19
6.95 12/8/2019 100.26 100.725 6.435 5.532 High 200000 1000 Y
USD RONSHINE CHINA
RONXIN 8 1/4 02/01/21
8.25 2/1/2021 101.328 101.806 7.382 7.077 High 200000 1000 N
USD SHIMAO PROPERTY HLDGS
SHIMAO 8 3/8 02/10/22
8.375 2/10/2022 - - - - High 200000 1000 Y
USD SHUI ON DEVELOPMENT HLDG
SHUION 5.7 02/06/21
5.7 2/6/2021 100.91 101.316 5.125 4.874 High 200000 1000 N
USD SHUI ON DEVELOPMENT HLDG
SHUION 6.4 PERP
6.4 Perp. 98.704 99.273 9.118 9.07 High 200000 1000 Y
USD SUNAC CHINA HOLDINGS LTD
SUNAC 6 7/8 08/08/20
6.875 8/8/2020 101.045 101.444 5.945 5.598 High 200000 1000 N
USD SUNAC CHINA HOLDINGS LTD
SUNAC 7.95 08/08/22
7.95 8/8/2022 101.496 101.995 7.409 7.233 High 200000 1000 Y
USD SUNAC CHINA HOLDINGS LTD
SUNAC 8 3/4 12/05/19
8.75 12/5/2019 101.845 102.125 5.102 4.56 High 200000 1000 Y
USD SUNAC CHINA HOLDINGS LTD
SUNAC 8.35 04/19/23
8.35 4/19/2023 101.463 102.001 7.902 7.741 High 200000 1000 Y
USD SUNSHINE 100 CHINA HLDGS
SUNCHN 8 1/2 09/27/20
8.5 9/27/2020 - - - - High 200000 1000 Y
USD SCENERY JOURNEY LTD
TIANHL 11 11/06/20
11 11/6/2020 103.725 104.067 8.194 7.945 High 200000 1000 N
USD SCENERY JOURNEY LTD
TIANHL 13 11/06/22
13 11/6/2022 105.993 106.535 10.859 10.674 High 200000 1000 Y
USD SCENERY JOURNEY LTD
TIANHL 13 3/4 11/06/23
13.75 11/6/2023 105.98 106.533 11.968 11.811 High 200000 1000 Y
USD VLL INTERNATIONAL INC
VLLPM 7 3/8 06/18/22
7.375 6/18/2022 107.119 107.989 4.839 4.544 High 200000 1000 N
USD XINYUAN REAL ESTATE
XIN 7 3/4 02/28/21
7.75 2/28/2021 91.46 92.107 13.363 12.913 High 200000 1000 N
USD XINYUAN REAL ESTATE
XIN 8 1/8 08/30/19
8.125 8/30/2019 99.786 100.423 8.629 6.142 High 200000 1000 N
USD XINYUAN REAL ESTATE
XIN 8 7/8 11/22/20
8.875 11/22/2020 94.481 95.127 13.085 12.575 High 200000 1000 N
USD PANDA GREEN ENERGY GROUP
GDPOLY 8 1/4 01/25/20
8.25 1/25/2020 88.61 89.501 28.302 26.57 High 200000 1000 N
USD GUANGHUI INVESTMENT GR
GUANGH 7 7/8 03/30/20
7.875 3/30/2020 97.303 98.151 11.305 10.203 High 200000 1000 N
USD REPUBLIC OF INDONESIA
INDON 5 1/8 01/15/45
5.125 1/15/2045 107.118 107.583 4.647 4.617 High 200000 1000 N
USD REPUBLIC OF SRI LANKA
SRILAN 6 1/4 10/04/20
6.25 10/4/2020 100.381 100.89 5.945 5.55 High 100000 1000 N
USD REPUBLIC OF SRI LANKA
SRILAN 6 1/8 06/03/25
6.125 6/3/2025 95.403 96.089 7.077 6.931 High 200000 1000 N
USD UKRAINE GOVERNMENT
UKRAIN 7 3/4 09/23/20
7.75 9/23/2020 - - - - High 100000 1000 N
USD REPUBLIC OF VENEZUELA
VENZ 11 3/4 10/21/26 (Offer Suspended)
11.75 10/21/2026 28.411 29.642 41.916 40.559 - 50000 100 N
USD REPUBLIC OF VENEZUELA
VENZ 9 05/07/23 (Offer Suspended)
9 5/7/2023 27.271 28.49 52.313 50.566 - 50000 100 N
USD HUTCH WHAM INT 09 LTD
CKHH 7 5/8 04/09/19
7.625 4/9/2019 100.054 100.054 - - Low 100000 1000 N
USD HUTCH WHAM INT 09 LTD
CKHH 7 5/8 04/09/19
7.625 4/9/2019 100.054 100.054 - - Low 100000 1000 N
USD HUTCHISON WHAM INT 03/33
CKHH 7.45 11/24/33
7.45 11/24/2033 140.585 141.756 3.785 3.701 Middle 100000 1000 N
USD WISEYEAR HOLDINGS LTD
KERPRO 5 7/8 04/06/21
5.875 4/6/2021 103.873 104.06 3.693 3.591 Middle 200000 1000 N
USD SOFTBANK GROUP CORP
SOFTBK 5 3/8 07/30/22
5.375 7/30/2022 103.34 104.109 4.237 3.981 High 200000 1000 Y
USD SOFTBANK GROUP CORP
SOFTBK 6 7/8 PERP
6.875 Perp. 91.484 92.197 7.646 7.587 High 200000 1000 Y
USD PCCW CAPITAL NO 4 LTD
PCCW 5 3/4 04/17/22
5.75 4/17/2022 106.091 106.367 3.511 3.413 Middle 200000 1000 N
TRY EUROPEAN INVESTMENT BANK
EIB 10 1/2 03/12/19 (Offer Suspended)
10.5 3/12/2019 - - - - Middle 50000 1000 N
SGD CHINA AOYUAN GROUP LTD
CAPG 7.15 09/07/21
7.15 9/7/2021 101.745 102.374 6.311 6.016 High 250000 1000 Y
SGD LOGAN PROPERTY HOLDINGS
LOGPH 6 1/8 04/16/21
6.125 4/16/2021 99.535 100.16 6.385 6.03 High 250000 1000 Y
SGD OLAM INTERNATIONAL LTD
OLAMSP 6 10/25/22
6 10/25/2022 104.648 104.863 4.515 4.448 High 250000 250000 N
SGD BANYAN TREE HOLDINGS LTD
BTHSP 5 3/4 07/31/18
5.75 7/31/2018 - - - - High 250000 250000 N
HKD HONG KONG MORTGAGE CORP
HKMTGC 1.83 02/14/20
1.83 2/14/2020 - - - - Middle 1000000 1000000 N
HKD NWD MTN LTD
NWDEVL 5.9 09/18/23
5.9 9/18/2023 - - - - High 2000000 500000 N
HKD MTR CORP CI LTD
MTRC 5.2 07/18/18
5.2 7/18/2018 - - - - Low 500000 500000 N
GBP GENERAL ELECTRIC CO
GE 6 1/2 09/15/67
6.5 9/15/2067 - - - - Middle 50000 1000 Y
GBP GOLDMAN SACHS GROUP INC
GS 6 7/8 01/18/38
6.875 1/18/2038 140.349 142.311 3.827 3.71 High 50000 1000 N
GBP PRUDENTIAL PLC
PRUFIN 11 3/8 05/29/39
11.375 5/29/2039 100.166 100.171 -46.037 -47.745 High 50000 1000 Y
GBP BHP BILLITON FINANCE LTD
BHP 6 1/2 10/22/77
6.5 10/22/2077 111.479 112.163 5.332 5.297 High 100000 1000 Y
GBP ELECTRICITE DE FRANCE SA
EDF 6 PERP
6 Perp. 103.463 104.406 5.278 5.228 High 100000 100000 Y
GBP HEATHROW FINANCE PLC
HTHROW 5 3/8 09/01/19
5.375 9/1/2019 - - - - Middle 100000 1000 N
EUR GENERAL ELECTRIC CO
GE 5 1/2 09/15/67
5.5 9/15/2067 - - - - High 50000 1000 Y
CHF SCOR SE
SCOR 5 1/4 PERP
5.25 Perp. - - - - High 50000 5000 Y
AUD VIRGIN AUSTRALIA HOLDING
VAHAU 8 1/4 05/30/23
8.25 5/30/2023 103.651 104.342 7.186 6.989 High 100000 10000 Y
Local Bank Bonds
Currency Issuer Coupon
(%)
Maturity
(mm/dd/yyyy)
Bid Offer Yield
(%)
Offer Yield
(%)
Risk Min. Piece Increment Redeem
USD AFRICAN BANK LTD
AFRIBK 6 02/08/20
6 2/8/2020 100.1 100.1 5.836 5.836 High 160000 100 N
USD ALBARAKA TURK KATILIM BA
ALBRK 6 1/4 06/30/19
6.25 6/30/2019 99.725 100.579 9.134 -0.256 High 200000 1000 N
USD BARCLAYS BANK PLC
BACR 5.14 10/14/20
5.14 10/14/2020 102.281 102.646 3.428 3.16 Middle 100000 1000 N
USD BANGKOK BANK PCL/HK
BBLTB 9.025 03/15/29
9.025 3/15/2029 136.918 137.54 4.354 4.29 High 100000 1000 N
USD BANK OF CHINA/HONG KONG
BCHINA 2 1/8 06/30/18
2.125 6/30/2018 - - - - Middle 200000 1000 N
USD BANK OF EAST ASIA LTD
BNKEA 6 1/8 07/16/20
6.125 7/16/2020 102.95 103.17 3.444 3.249 Middle 100000 1000 N
USD BANK OF EAST ASIA LTD
BNKEA 8 1/2 PERP
8.5 Perp. 102.049 102.605 9.741 9.688 High 100000 1000 Y
USD CHINA CITIC BANK INTL
CINDBK 6 7/8 06/24/20
6.875 6/24/2020 103.59 103.867 3.433 3.175 Middle 100000 1000 N
USD CREDIT SUISSE NEW YORK
CS 5.4 01/14/20
5.4 1/14/2020 101.608 101.608 2.792 2.792 Middle 50000 1000 N
USD DAH SING BANK LTD
DAHSIN 6 5/8 02/11/20
6.625 2/11/2020 102.125 102.241 3.527 3.362 Middle 100000 1000 N
USD ICBC ASIA LTD
ICBCAS 5 1/8 11/30/20
5.125 11/30/2020 102.652 102.918 3.305 3.126 Low 100000 1000 N
USD ING GROEP NV
INTNED 6 PERP
6 Perp. 100.265 100.769 6.584 6.552 High 200000 1000 Y
USD LLOYDS BANK PLC
LLOYDS 6 1/2 09/14/20
6.5 9/14/2020 103.906 104.398 3.385 3.006 Middle 100000 1000 N
USD ST SAVINGS BK (SSB #1)
OSCHAD 9 3/8 03/10/23
9.375 3/10/2023 100.563 101.27 9.187 8.964 High 200000 1000 N
USD ROYAL BK OF SCOTLAND NV
RBS 4.65 06/04/18
4.65 6/4/2018 - - - - High 50000 1000 N
USD STANDARD CHARTERED BK HK
STANLN 5 7/8 06/24/20
5.875 6/24/2020 102.615 102.883 3.368 3.117 Middle 100000 1000 N
USD YAPI VE KREDI BANKASI AS
YKBNK 5 1/2 12/06/22
5.5 12/6/2022 86.456 87.749 10.17 9.687 Middle 200000 1000 N
USD CREDIT AGRICOLE SA
ACAFP 0 PERP
3.86138 Perp. 86.455 87.47 4.346 4.295 High 100000 1000 Y
USD SOCIETE GENERALE
SOCGEN 4 1/4 08/19/26
4.25 8/19/2026 99.688 100.264 4.3 4.206 High 200000 1000 N
USD SOCIETE GENERALE
SOCGEN 5 01/17/24
5 1/17/2024 104.086 104.611 4.024 3.902 High 200000 1000 N
USD SOCIETE GENERALE
SOCGEN 7 7/8 PERP
7.875 Perp. 104.024 104.682 7.078 7.032 High 200000 1000 Y
USD STANDARD CHARTERED PLC
STANLN 3.95 01/11/23
3.95 1/11/2023 100.197 100.502 3.89 3.799 High 200000 1000 N
USD STANDARD CHARTERED PLC
STANLN 4.3 02/19/27
4.3 2/19/2027 99.907 100.669 4.313 4.197 High 200000 1000 N
USD STANDARD CHARTERED PLC
STANLN 5.2 01/26/24
5.2 1/26/2024 104.711 105.41 4.079 3.918 Middle 200000 1000 N
USD STANDARD CHARTERED PLC
STANLN 5.7 01/25/22
5.7 1/25/2022 105.114 105.527 3.661 3.502 Middle 200000 1000 N
USD STANDARD CHARTERED PLC
STANLN 7.014 PERP
7.014 Perp. 107.932 108.626 5.451 5.408 High 100000 100000 Y
SGD ICICI BANK LTD/DUBAI
ICICI 3.65 01/14/20
3.65 1/14/2020 100.564 100.809 2.741 2.351 High 250000 250000 N
SGD MALAYAN BANKING BHD
MAYMK 6 PERP
6 Perp. - - - - High 250000 250000 Y
SGD UNITED OVERSEAS BANK LTD
UOBSP 4 3/4 PERP
4.75 Perp. 100.94 101.121 4.892 4.883 High 250000 250000 Y
HKD BANK OF CHINA/HONG KONG
BCHINA 2.095 10/06/20
2.095 10/6/2020 - - - - High 500000 100000 N
HKD BANK OF EAST ASIA LTD
BNKEA 2.97 06/24/19
2.97 6/24/2019 - - - - Middle 1500000 500000 N
HKD BK OF COMMUNICATIONS/HK
BOCOM 2 08/17/20
2 8/17/2020 - - - - High 500000 500000 N
HKD BK OF COMMUNICATIONS/HK
BOCOM 3.2 04/09/19
3.2 4/9/2019 - - - - Low 1500000 500000 N
HKD HANG SENG BANK LTD
HANSEN 2 1/4 05/11/20
2.25 5/11/2020 - - - - High 1000000 1000000 N
HKD CHINA DEVELOPMENT BK/HK
SDBC 3 1/4 09/17/18
3.25 9/17/2018 - - - - Low 1000000 1000000 N
GBP STANDARD CHARTERED PLC
STANLN 5 1/8 06/06/34
5.125 6/6/2034 112.596 113.55 3.994 3.915 High 100000 1000 N
EUR BANK OF AMERICA CORP
BAC 0 05/06/19
1.153 5/6/2019 100.01 100.26 -0.377 -0.377 Low 50000 1000 Y
EUR BNP PARIBAS
BNP 4 7/8 PERP (Offer Suspended)
4.875 Perp. 102.063 102.694 4.775 4.746 High 50000 1000 Y
AUD SOCIETE GENERALE
SOCGEN 5 07/20/28
8 7/20/2028 105.204 105.853 4.092 4.008 High 200000 2000 Y
US Dollar & Other Currency Bonds
Currency Issuer Coupon
(%)
Maturity
(mm/dd/yyyy)
Bid Offer Yield
(%)
Offer Yield
(%)
Risk Min. Piece Increment Redeem
USD
USD BOC AVIATION LTD
BOCAVI 3 03/30/20
3 3/30/2020 99.847 99.971 3.183 3.032 Middle 200000 1000 N
USD DOUBLE CHARM LTD
EVBSF 2 7/8 08/27/18
2.875 8/27/2018 - - - - Middle 200000 1000 N
USD CENTURY MASTER INVESTMEN
ORIEAS 4 3/4 09/19/18
4.75 9/19/2018 - - - - High 200000 1000 N
USD TEMASEK FINANCIAL I LTD
TEMASE 4.3 10/25/19
4.3 10/25/2019 100.656 100.755 2.665 2.423 Low 250000 1000 N
USD BAIDU INC
BIDU 3 1/2 11/28/22
3.5 11/28/2022 100.85 101.096 3.241 3.167 Low 200000 1000 N
USD BAIDU INC
BIDU 3 1/4 08/06/18
3.25 8/6/2018 - - - - Low 200000 1000 N
USD BAIDU INC
BIDU 3 1/4 08/06/18
3.25 8/6/2018 - - - - Middle 200000 1000 N
USD COUNTRY GARDEN HLDGS
COGARD 4 3/4 07/25/22
4.75 7/25/2022 97.967 98.519 5.457 5.263 Middle 200000 1000 Y
USD COUNTRY GARDEN HLDGS
COGARD 4 3/4 09/28/23
4.75 9/28/2023 96.369 96.93 5.706 5.555 High 200000 1000 Y
USD ESTATE SKY LTD
CSIPTY 4 7/8 08/08/21
4.875 8/8/2021 98.521 98.997 5.597 5.362 High 200000 1000 N
USD HONGKONG LAND FINANCE
HKLSP 4 1/2 06/01/22
4.5 6/1/2022 104.045 104.289 3.082 2.998 Low 200000 1000 N
USD NAN FUNG TREASURY LTD
NANFUN 4 1/2 09/20/22
4.5 9/20/2022 102.929 103.228 3.553 3.458 Middle 200000 1000 N
USD PCPD CAPITAL
PCPDC 4 3/4 03/09/22
4.75 3/9/2022 99.699 100.417 4.864 4.586 High 200000 1000 N
USD POLY REAL ESTATE FINANCE
POLYRE 4 1/2 08/06/18
4.5 8/6/2018 - - - - Middle 200000 1000 N
USD SHUI ON DEVELOPMENT HLDG
SHUION 4 3/8 10/05/19
4.375 10/5/2019 99.83 100.413 4.834 3.171 High 200000 1000 N
USD SAN MIGUEL CORP
SMCPM 4 7/8 04/26/23
4.875 4/26/2023 100.94 101.49 4.608 4.455 High 200000 1000 Y
USD UKRAINE GOVERNMENT
UKRAIN 0 05/31/40
- 5/31/2040 62.757 63.708 - - High 50000 1000 N
USD HUTCH WHAMPOA INT 12 II
CKHH 3 1/4 11/08/22
3.25 11/8/2022 100.689 100.941 3.037 2.96 Middle 200000 1000 N
USD CHINA OIL AND GAS GROUP
CHIOIL 4 5/8 04/20/22
4.625 4/20/2022 97.901 98.72 5.416 5.104 High 200000 1000 Y
USD CGN NEW ENERGY HLDGS CO
MEIPOW 4 08/19/18
4 8/19/2018 - - - - High 200000 1000 N
USD PCCW-HKT CAPITAL NO5 LTD
PCCW 3 3/4 03/08/23
3.75 3/8/2023 101.225 101.5 3.401 3.323 Middle 200000 1000 N
USD HKT CAPITAL NO 2 LTD
PCCW 3 5/8 04/02/25
3.625 4/2/2025 100.337 100.795 3.56 3.473 Middle 200000 1000 N
TRY
TRY EUROPEAN INVESTMENT BANK
EIB 0 09/05/22 (Offer Suspended)
- 9/5/2022 49.846 52.02 23.674 22.073 Low 50000 1000 N
SGD
SGD WHEELOCK FINANCE LTD
WHEELK 4 1/2 09/02/21
4.5 9/2/2021 103.961 104.155 2.689 2.602 Middle 250000 250000 N
SGD GLL IHT PTE LTD
GUOLSP 4.1 05/13/20
4.1 5/13/2020 100.745 100.943 3.305 3.096 High 250000 250000 N
SGD WING TAI HOLDINGS
WINGTA 4 1/2 09/26/22
4.5 9/26/2022 103.211 103.764 3.471 3.298 High 250000 250000 N
HKD
HKD FAR EAST HORIZON LTD
FRESHK 4.65 05/07/21
4.65 5/7/2021 - - - - High 500000 100000 N
HKD WHEELOCK FINANCE LIMITED
WHEELK 3 05/23/19
3 5/23/2019 - - - - High 1500000 500000 N
HKD WHEELOCK FINANCE LIMITED
WHEELK 4.2 09/13/22
4.2 9/13/2022 - - - - Middle 1000000 1000000 N
HKD KOWLOON-CANTON RAILWAY
KCRC 3 1/2 04/29/19
3.5 4/29/2019 - - - - Low 1000000 1000000 N
HKD KOWLOON-CANTON RAILWAY
KCRC 3.88 06/15/21
3.88 6/15/2021 - - - - Low 1000000 1000000 N
HKD URBAN RENEWAL AUTHORITY
URBREN 1.65 01/17/20
1.65 1/17/2020 - - - - Low 1000000 1000000 N
HKD SUN HUNG KAI PROP (CAP)
SUNHUN 2 3/4 04/30/21
2.75 4/30/2021 - - - - Middle 1000000 500000 N
HKD SUN HUNG KAI PROP (CAP)
SUNHUN 2.95 05/08/23
2.95 5/8/2023 - - - - Low 1000000 1000000 N
HKD SUN HUNG KAI PROP (CAP)
SUNHUN 3.23 01/10/23
3.23 1/10/2023 - - - - Middle 1000000 1000000 N
HKD SUN HUNG KAI PROP (CAP)
SUNHUN 4.05 02/24/21
4.05 2/24/2021 - - - - Low 1000000 1000000 N
HKD SWIRE PACIFIC MTN FIN
SWIRE 3 03/22/23
3 3/22/2023 - - - - Middle 1000000 1000000 N
HKD MTR CORP CI LTD
MTRC 2 1/4 12/28/24
2.25 12/28/2024 - - - - Low 1000000 500000 N
HKD CLP POWER HK FINANCING
CHINLP 3.88 08/05/19
3.88 8/5/2019 - - - - Low 1000000 1000000 N
HKD CLP POWER HK FINANCING
CHINLP 3.93 09/20/21
3.93 9/20/2021 - - - - Low 1000000 1000000 N
HKD CLP POWER HK FINANCING
CHINLP 3.97 03/23/26
3.97 3/23/2026 - - - - Low 1000000 1000000 N
GBP
GBP BHP BILLITON FINANCE LTD
BHP 3 1/4 09/25/24
3.25 9/25/2024 108.813 109.254 1.515 1.433 Middle 100000 1000 N
GBP AMERICAN INTL GROUP
AIG 0 03/15/37
2.54963 3/15/2037 82.7 87 3.856 3.492 High 50000 50000 Y
GBP VODAFONE GROUP PLC
VOD 3 08/12/56
3 8/12/2056 82.86 84.236 3.877 3.798 High 100000 1000 N
CNY
CNY VOLKSWAGEN INTL FIN NV
VW 3 1/2 01/23/19
3.5 1/23/2019 - - - - Middle 1000000 1000000 N
CNY BOC AVIATION LTD
BOCAVI 4 1/2 11/20/18
4.5 11/20/2018 - - - - Low 1000000 10000 N
CNY FUQING INVESTMENT MGMT
PINGRE 4.85 07/21/18
4.85 7/21/2018 - - - - High 1000000 100000 N
CNY BP CAPITAL MARKETS PLC
BPLN 3.95 10/08/18
3.95 10/8/2018 - - - - Low 1000000 10000 N
CNY VALUE SUCCESS INTL LTD
PINGIN 4 3/4 11/04/18
4.75 11/4/2018 - - - - Middle 1000000 10000 N
CNY VALUE SUCCESS INTL LTD
PINGIN 4.95 01/29/19
4.95 1/29/2019 - - - - High 1000000 10000 N
CNY SHUI ON DEVELOPMENT HLDG
SHUION 6 7/8 03/02/21
6.875 3/2/2021 103.157 103.53 4.98 4.762 High 1000000 10000 Y
債券最新報價亦可參考香港金融管理局的輝立証券(香港)有限公司 債券報價網站
本公司以主事人身分行事,並與以上產品的發行人沒有從屬關係。

 

輝立証券(香港)有限公司已採取措施提供準確而可靠的資料,但並不保證資料絕對無誤,及不擬就有關由第三方提供的資料所出現的錯誤或違漏承擔任何責任。 以上所有資料只供參考用途。投資決定在於您本人。除非你完全明白及願意承擔債券的相關風險,否則你不應投資該產品。 債券表現受發行人的實際和預計借貸能力所影響。就償債責任而言,債券不保證發行人不會拖欠債務。在最壞情況下(如發行者不履行契約),債券持有人可能無法取回債券的利息和本金。
債券主要提供中長期的投資,並不是短線投機的工具。你應準備於整段投資期內將資金投資於有關債券上;若你選擇在到期日之前提早出售債券,可能會損失部份或全部的投資本金。
債券的利息和本金是由發行者償還,債券持有人須承擔發行者的信貸風險。如果發行者不履行契約,債券持有人可能無法取回債券的利息和本金。在此情況下,債券持有人不能向本公司追討任何賠償,並與以上產品的發行人沒有從屬關係。

有關債券的風險請查看此連結

01
Open a Phillip foreign stock account with submitting the Risk Profile Questionnaire and W8 form together.
02
Asking for quotes and placing orders through phone or email.*
*Please make sure the account balance is enough for the trade before placing an order. Please state the bond name, coupon rate, maturity date, account number, client name and ISIN code(if any) when placing order through email.
03
Trades will be confirmed full telephone, if the orders are placed by email, confirmation will be made through email as well.
04
Trade confirmation will be sent through email within 24 hours after the trade had done.
05
Amount will be deducted on the third working day (T+3) after the order placed.^
^Please deposit the amount into your Phillip account before T+2 if your account does not have enough balance. If the deposit is made by cashier’s order, please deposit before T+1 and fax us the receipt at 28774554.
債券最新報價亦可參考香港金融管理局的輝立証券(香港)有限公司 債券報價網站
本公司以主事人身分行事,並與以上產品的發行人沒有從屬關係。

 

輝立証券(香港)有限公司已採取措施提供準確而可靠的資料,但並不保證資料絕對無誤,及不擬就有關由第三方提供的資料所出現的錯誤或違漏承擔任何責任。 以上所有資料只供參考用途。投資決定在於您本人。除非你完全明白及願意承擔債券的相關風險,否則你不應投資該產品。 債券表現受發行人的實際和預計借貸能力所影響。就償債責任而言,債券不保證發行人不會拖欠債務。在最壞情況下(如發行者不履行契約),債券持有人可能無法取回債券的利息和本金。
債券主要提供中長期的投資,並不是短線投機的工具。你應準備於整段投資期內將資金投資於有關債券上;若你選擇在到期日之前提早出售債券,可能會損失部份或全部的投資本金。
債券的利息和本金是由發行者償還,債券持有人須承擔發行者的信貸風險。如果發行者不履行契約,債券持有人可能無法取回債券的利息和本金。在此情況下,債券持有人不能向本公司追討任何賠償,並與以上產品的發行人沒有從屬關係。

有關債券的風險請查看此連結

Bond is a debt instrument, the purpose of the issuance of bonds is to raise funds by borrowing from the public. Generally, there are terms for each bonds stating the maturity date which principals will be repaid and the coupon interest payment date.

Government Bond

The bonds issue by state or government in its currency. For example, The US department of the Treasury issues bond s to raise funds for the US government.

Semi-Government Bond

The bonds issue by public corporations, which level is lower than government bonds, but the credit ratings of these two bonds are normally the same. E.g.: The Hong Kong Airport Authority (HKAA), Hong Kong Mortgage Corporation Limited (HKMTGC)

Corporate Bond

Mostly issue by private corporations. E.g.: Hutchison Whampoa Limited

Types

Fixed Rate Bond

Interest rate of this bond is fixed, the rate will not change until maturity.

Zero coupon Bond

Holder of this kind of bonds do not entitle any interest, but usually the price of this kind of bond is discounted and the benefits of investing in this bond can be reflected by its bond price

Floating Rate Bond

This bond has a floating interest rate, which depends on the change in market interest rate. Normally the rate takes reference from market rates like HIBOR and LIBOR.

Features of bonds

Coupon rate

The interest rate that will be paid by the issuer per annum

Maturity date

The date when issuer repay the face value to bondholders, normally at 100%

Remaining Tenor

Remaining time to maturity

Yield

The rate of return of the bond

Credit rating

An indication reflecting the bond issuer's financial status and the bond's credit quality.

債券最新報價亦可參考香港金融管理局的輝立証券(香港)有限公司 債券報價網站
本公司以主事人身分行事,並與以上產品的發行人沒有從屬關係。

 

輝立証券(香港)有限公司已採取措施提供準確而可靠的資料,但並不保證資料絕對無誤,及不擬就有關由第三方提供的資料所出現的錯誤或違漏承擔任何責任。 以上所有資料只供參考用途。投資決定在於您本人。除非你完全明白及願意承擔債券的相關風險,否則你不應投資該產品。 債券表現受發行人的實際和預計借貸能力所影響。就償債責任而言,債券不保證發行人不會拖欠債務。在最壞情況下(如發行者不履行契約),債券持有人可能無法取回債券的利息和本金。
債券主要提供中長期的投資,並不是短線投機的工具。你應準備於整段投資期內將資金投資於有關債券上;若你選擇在到期日之前提早出售債券,可能會損失部份或全部的投資本金。
債券的利息和本金是由發行者償還,債券持有人須承擔發行者的信貸風險。如果發行者不履行契約,債券持有人可能無法取回債券的利息和本金。在此情況下,債券持有人不能向本公司追討任何賠償,並與以上產品的發行人沒有從屬關係。

有關債券的風險請查看此連結

 

Hotline:2277 6536   Product Development

e-mail:smp@phillip.com.hk

 

Terms and Conditions:

      1. The preferentialrate offer applies to Share Mortgage contract till 31 December 2017.
      2. Other charges of purchasing bond are not included in Share Mortgage Scheme.
      3. For initial payment detail, please refer to : "Details of Share Mortgage Scheme"。For monthly payment amount, please refer to "Calculator".
      4. POEMS Points Redemption does not apply to the bond purchase with the financing.
The Company reserves the right to alter these terms and conditions without prior notice and has final and irrevocable discretion in case of dispute.

Investment involves risks. Please refer to the Risk Disclosures Statement on our website at www.poems.com.hk.

You may contact our Customer Service Department at cs@phillip.com.hk or 2277 6555 to opt out from receiving marketing materials.

ItemDescription of fees
Bonds Transaction Cost
Handling Fee 0.15% of Consideration (Except 0.10% of Consideration, for Investment Grade Bond with duration =< 1 Year.)
Custodian Fee 0.05% of nominal value per annum, charged on monthly basis (Minimum HKD25)
Transfer HKD400
Interest Collection & Maturity Redemption Fee Waived

How to Trade Bonds with us?

If you have a Phillip Account, you can place your order by contacting your broker or the bond department. You can open a Phillip account at any branches if you don't have one yet.

Do the bonds have any margin value?

We've set different margin value for each bonds, which may up to 70%.

What currencies' bond can we trade?

Our foreign exchange service includes HKD, USD, AUD, NZD and GBP.

How to redeem the bonds?

We will help you redeem the bonds when they mature and deposit the total amount into your Phillip account without any charges.

Are there any extra charges beside commission?An accrued interest will be charged. For example, if you buy the bonds of ICBC at the nominal value 1,000,000 at 100.49% and there are 65 days between the settlement day and the last coupon payment day, so at the day of settlement, you have to pay $1,004,900 of principal plus $2617.81 of accrued interest.

A custodian fee will also be charged at 0.05% of the nominal value of the bonds or a minimum charge at HK$25 monthly. For example, the face value of a bond is 1,000,000, a custodian fee of $41.67 (1,000,000*0.05%/12=$41.67) will be charged per month. The custodian fee will be deducted from your Phillip account at the end of each month.

How to benefit from investing bonds?

Bonds provide interest, generally, you can receive a steady interest income every year, also the yield of bonds are normally higher than the bank deposit rate. In addition, you can sell the bond at the market to make a profit when its price rises.

Do I have to hold the bond until it matures?

Besides holding the bond until it matures, you can sell it at the secondary market when its price rises to make a profit.

What is accrued interest?

Besides principals, an accrued interest will also be charged when buying bonds from the secondary market. Accrued interest is the interest of the bonds between the settlement date and the previous coupon interest payment date which should be entitled by the bondholder, therefore the buyers have to pay the sellers an accrued interest when buying the bonds.
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