Main

Last Update Date:1 August 2016

Risk Disclosure

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 103.132 104.161 6.912 6.724 High 50000 1000 Y
USD GARUDA ID GLOBAL SUKUK
GARUDA 5.95 06/03/20
5.95 6/3/2020 99.517 100.14 6.209 5.875 High 200000 1000 N
USD GRAND CHINA AIR HONG KON
GRCHAR 6 3/8 03/07/19
6.375 3/7/2019 95.301 96.224 12.929 11.596 High 200000 1000 N
USD HNA GROUP INTL CO LTD
SANYPH 6 08/18/19
6 8/18/2019 94.128 95.047 11.27 10.413 High 200000 1000 N
USD HNA GROUP INTL CO LTD
SANYPH 8 1/8 12/03/18
8.125 12/3/2018 98.395 99.076 11.442 10.02 High 200000 1000 N
USD HNA GROUP INTL CO LTD
SANYPH 8 7/8 11/06/18
8.875 11/6/2018 99.069 99.816 11.055 9.266 High 200000 1000 N
USD GAJAH TUNGGAL TBK PT
GJTLIJ 7 3/4 02/06/18
7.75 2/6/2018 - - - - High 200000 1000 Y
USD STUDIO CITY FINANCE LTD
STCITY 8 1/2 12/01/20
8.5 12/1/2020 101.311 101.819 7.913 7.688 High 250000 1000 Y
USD NOBLE GROUP LTD
NOBLSP 8 3/4 03/09/22
8.75 3/9/2022 40.079 43.932 39.411 35.926 High 200000 1000 Y
USD ZHONGRONG INT RES CO LTD
SDCOKI 7 1/4 10/26/20
7.25 10/26/2020 88.049 89.319 13.195 12.515 Middle 200000 1000 N
USD LI & FUNG LTD
LIFUNG 5 1/4 PERP
5.25 Perp. 77.275 78.739 6.794 6.667 High 200000 1000 Y
USD LI & FUNG LTD
LIFUNG 6 PERP
6 Perp. 99.89 100.181 44.326 -57.345 High 200000 1000 Y
USD CN ENERGY RSRVE CHMCALS
CERCG 6 1/8 01/15/19
6.125 1/15/2019 79.53 80.484 47.399 45.059 High 200000 1000 N
USD MIE HOLDINGS CORP
MIEHOL 6 7/8 02/06/18
6.875 2/6/2018 - - - - High 200000 1000 Y
USD CREDIT SUISSE GROUP AG
CS 6 1/4 PERP
6.25 Perp. 100.493 101.024 6.311 6.278 High 200000 1000 Y
USD TBLA INTERNATIONAL PTE L
TBLAIJ 7 01/24/23
7 1/24/2023 92.528 93.432 8.996 8.744 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 97.728 98.332 6.952 6.796 High 200000 1000 Y
USD DAI-ICHI LIFE INSURANCE
DAIL 7 1/4 PERP
7.25 Perp. 108.949 109.658 6.424 6.382 High 50000 1000 Y
USD ZOOMLION HK SPV CO LTD
ZOOMLI 6 1/8 12/20/22
6.125 12/20/2022 94.465 95.151 7.582 7.396 High 200000 1000 N
USD BHP BILLITON FIN USA LTD
BHP 6 1/4 10/19/75
6.25 10/19/2075 104.556 105.108 7.302 7.264 High 200000 1000 Y
USD ARCELORMITTAL
MTNA 6 1/8 06/01/18
6.125 6/1/2018 - - - - Middle 50000 1000 N
USD ABJA INVESTMENT CO
TATAIN 5.95 07/31/24
5.95 7/31/2024 100.277 101.002 5.894 5.753 Middle 200000 1000 N
USD VEDANTA RESOURCES PLC
VEDLN 6 01/31/19
6 1/31/2019 100.797 101.199 4.753 4.145 High 200000 1000 N
USD FORTUNE STAR BVI LTD
FOSUNI 5 3/8 12/05/20
5.375 12/5/2020 98.44 99.025 6.052 5.796 Middle 200000 1000 N
USD CHINA AOYUAN PROPERTY
CAPG 10 7/8 05/26/18
10.875 5/26/2018 99.956 100.26 25.355 -78.288 Middle 200000 1000 N
USD CHN AOYUAN PROPERTY GRP
CAPG 6.35 01/11/20
6.35 1/11/2020 99.503 100.002 6.673 6.343 High 200000 1000 N
USD CENTRAL CHN REAL ESTATE
CENCHI 6 1/2 06/04/18
6.5 6/4/2018 99.989 100.242 7.069 -10.565 Middle 200000 1000 Y
USD CENTRAL CHN REAL ESTATE
CENCHI 8 01/28/20
8 1/28/2020 100.983 101.341 7.351 7.121 Middle 200000 1000 Y
USD CENTRAL CHINA REAL ESTAT
CENCHI 8 3/4 01/23/21
8.75 1/23/2021 103.032 103.566 7.461 7.24 Middle 200000 1000 Y
USD FRANSHION DEVELOPMENT
CHJMAO 6 3/4 04/15/21
6.75 4/15/2021 106.497 106.813 4.322 4.209 Middle 200000 1000 N
USD COUNTRY GARDEN HLDG CO
COGARD 7 1/2 01/10/23
7.5 1/10/2023 - - - - High 200000 1000 Y
USD COUNTRY GARDEN HLDG CO
COGARD 7 1/2 03/09/20
7.5 3/9/2020 103.273 103.575 5.534 5.358 Middle 200000 1000 Y
USD COUNTRY GARDEN HLDGS
COGARD 7 1/4 04/04/21
7.25 4/4/2021 102.165 102.503 6.401 6.272 High 200000 1000 Y
USD COUNTRY GARDEN HLDGS
COGARD 7 7/8 05/27/19
7.875 5/27/2019 - - - - Middle 200000 1000 Y
USD CHINA SOUTH CITY HOLDING
CSCHCN 5 3/4 03/09/20
5.75 3/9/2020 93.154 93.717 10.039 9.671 High 200000 1000 N
USD CHINA SOUTH CITY HOLDING
CSCHCN 6 3/4 09/13/21
6.75 9/13/2021 87.91 88.723 11.24 10.915 High 200000 1000 Y
USD CHINA EVERGRANDE GROUP
EVERRE 12 02/17/20
12 2/17/2020 - - - - High 200000 1000 Y
USD CHINA EVERGRANDE GROUP
EVERRE 6 1/4 06/28/21
6.25 6/28/2021 95.518 96.032 7.915 7.719 High 200000 1000 N
USD CHINA EVERGRANDE GROUP
EVERRE 7 03/23/20
7 3/23/2020 100.025 100.573 6.977 6.652 High 200000 1000 N
USD CHINA EVERGRANDE GROUP
EVERRE 7 1/2 06/28/23
7.5 6/28/2023 92.931 93.486 9.273 9.128 High 200000 1000 Y
USD CHINA EVERGRANDE GROUP
EVERRE 8 1/4 03/23/22
8.25 3/23/2022 98.271 98.778 8.787 8.626 High 200000 1000 Y
USD CHINA EVERGRANDE GROUP
EVERRE 8 3/4 06/28/25
8.75 6/28/2025 93.958 94.579 9.957 9.828 High 200000 1000 Y
USD CHINA EVERGRANDE GROUP
EVERRE 9 1/2 03/29/24
9.5 3/29/2024 98.351 98.953 9.873 9.734 High 200000 1000 Y
USD FANTASIA HOLDINGS GROUP
FTHDGR 10 3/4 01/22/20 (Offer Suspended)
10.75 1/22/2020 101.986 102.483 9.403 9.077 High 200000 1000 Y
USD FANTASIA HOLDINGS GROUP
FTHDGR 13 3/4 09/27/17 (Offer Suspended)
13.75 9/27/2017 - - - - Middle 200000 1000 N
USD FUTURE LAND DEVELOPMENT
FUTLAN 5 02/16/20
5 2/16/2020 98.223 98.677 6.102 5.817 Middle 200000 1000 N
USD KAISA GROUP HOLDINGS LTD
KAISAG 10 1/4 01/08/20 (Offer Suspended)
10.25 1/8/2020 - - - - High 200000 1000 Y
USD KAISA GROUP HOLDINGS LTD
KAISAG 12 7/8 09/18/17 (Offer Suspended)
12.875 9/18/2017 - - - - High 200000 1000 Y
USD KAISA GROUP HOLDINGS LTD
KAISAG 8 1/2 06/30/22
8.5 6/30/2022 84.663 85.235 13.499 13.293 High 200000 1000 Y
USD KAISA GROUP HOLDINGS LTD
KAISAG 8 7/8 03/19/18 (Offer Suspended)
8.875 3/19/2018 - - - - High 200000 1000 Y
USD KAISA GROUP HOLDINGS LTD
KAISAG 9 06/06/19 (Offer Suspended)
9 6/6/2019 - - - - High 200000 1000 Y
USD KAISA GROUP HOLDINGS LTD
KAISAG 9 3/8 06/30/24
9.375 6/30/2024 83.425 84.167 13.443 13.239 High 200000 1000 Y
USD LONGFOR PROPERTIES
LNGFOR 6 3/4 01/29/23
6.75 1/29/2023 - - - - Middle 200000 1000 Y
USD LOGAN PROPERTY HOLDINGS
LOGPH 5 1/4 02/23/23
5.25 2/23/2023 89.055 89.613 8.08 7.926 High 200000 1000 Y
USD GEMSTONES INTERNATIONAL
LVGEM 8 1/2 08/15/20
8.5 8/15/2020 100.453 100.975 8.261 8 High 200000 1000 N
USD POWERLONG REAL ESTATE HL
PWRLNG 7 5/8 11/26/18
7.625 11/26/2018 101.007 101.362 5.518 4.787 High 200000 1000 N
USD RKP OVERSEAS FI 2016 A
ROADKG 7.95 PERP
7.95 Perp. 89.805 91.248 8.85 8.711 High 200000 1000 Y
USD RONSHINE CHINA
RONXIN 6.95 12/08/19
6.95 12/8/2019 98.513 99.004 8.003 7.652 High 200000 1000 Y
USD SHIMAO PROPERTY HLDGS
SHIMAO 8 1/8 01/22/21
8.125 1/22/2021 - - - - Middle 200000 1000 Y
USD SHIMAO PROPERTY HLDGS
SHIMAO 8 3/8 02/10/22
8.375 2/10/2022 106.035 106.47 6.507 6.378 Middle 200000 1000 Y
USD SHUI ON DEVELOPMENT HLDG
SHUION 10 1/8 PERP
10.125 Perp. - - - - High 200000 1000 Y
USD SHUI ON DEVELOPMENT HLDG
SHUION 5.7 02/06/21
5.7 2/6/2021 99.003 99.571 6.104 5.871 High 200000 1000 N
USD SHUI ON DEVELOPMENT HOLD
SHUION 8.7 05/19/18
8.7 5/19/2018 99.979 100.194 - - High 150000 1000 N
USD SHUI ON DEVELOPMENT HOLD
SHUION 8.7 11/24/17
8.7 11/24/2017 - - - - Middle 200000 1000 N
USD SHUI ON DEVELOPMENT HOLD
SHUION 9 5/8 06/10/19
9.625 6/10/2019 - - - - High 200000 1000 Y
USD SUNAC CHINA HOLDINGS LTD
SUNAC 6 7/8 08/08/20
6.875 8/8/2020 98.988 99.478 7.376 7.129 High 200000 1000 N
USD SUNAC CHINA HOLDINGS LTD
SUNAC 7.95 08/08/22
7.95 8/8/2022 97.158 97.708 8.769 8.607 High 200000 1000 Y
USD SUNAC CHINA HOLDINGS LTD
SUNAC 8 3/4 12/05/19
8.75 12/5/2019 103.284 103.804 6.441 6.085 Middle 200000 1000 Y
USD SUNSHINE 100 CHINA HLDGS
SUNCHN 8 1/2 09/27/20
8.5 9/27/2020 95.246 95.814 10.853 10.563 High 200000 1000 Y
USD VLL INTERNATIONAL INC
VLLPM 7 3/8 06/18/22
7.375 6/18/2022 105.577 106.269 5.809 5.622 High 200000 1000 N
USD XINYUAN REAL ESTATE
XIN 13 06/06/19
13 6/6/2019 - - - - High 200000 1000 Y
USD XINYUAN REAL ESTATE
XIN 7 3/4 02/28/21
7.75 2/28/2021 92.14 92.726 11.138 10.873 High 200000 1000 N
USD XINYUAN REAL ESTATE
XIN 8 1/8 08/30/19
8.125 8/30/2019 99.493 100.055 8.503 8.022 High 200000 1000 N
USD YANLORD LAND GROUP LTD
YLLGSP 10 5/8 03/29/18
10.625 3/29/2018 - - - - Middle 200000 1000 Y
USD PUMA INTL FINANCING
PUMAFN 6 3/4 02/01/21
6.75 2/1/2021 - - - - Middle 200000 1000 Y
USD PANDA GREEN ENERGY GROUP
GDPOLY 8 1/4 01/25/20
8.25 1/25/2020 92.074 92.626 13.744 13.341 High 200000 1000 N
USD GUANGHUI INVESTMENT GR
GUANGH 7 7/8 03/30/20
7.875 3/30/2020 96.578 97.298 9.947 9.501 High 200000 1000 N
USD PACIFIC EMERALD PTE LTD
MLPLIJ 9 3/4 07/25/18
9.75 7/25/2018 - - - - High 200000 1000 Y
USD REPUBLIC OF INDONESIA
INDON 5 1/8 01/15/45
5.125 1/15/2045 98.753 99.304 5.212 5.173 Middle 200000 1000 N
USD REPUBLIC OF SRI LANKA
SRILAN 6 1/4 10/04/20
6.25 10/4/2020 101.812 102.31 5.413 5.188 Middle 100000 1000 N
USD REPUBLIC OF SRI LANKA
SRILAN 6 1/8 06/03/25
6.125 6/3/2025 95.525 96.124 6.942 6.83 Middle 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
11.75 10/21/2026 30.73 31.275 37.951 37.424 High 50000 100 N
USD REPUBLIC OF VENEZUELA
VENZ 9 05/07/23
9 5/7/2023 29.25 29.75 42.933 42.368 High 50000 100 N
USD HUTCH WHAM INT 09 LTD
CKHH 7 5/8 04/09/19
7.625 4/9/2019 103.89 103.991 3.008 2.892 Low 100000 1000 N
USD HUTCH WHAM INT 09 LTD
CKHH 7 5/8 04/09/19
7.625 4/9/2019 103.89 103.991 3.008 2.892 Low 100000 1000 N
USD HUTCHISON WHAM INT 03/33
CKHH 7.45 11/24/33
7.45 11/24/2033 133.702 135.131 4.421 4.316 Middle 100000 1000 N
USD WISEYEAR HOLDINGS LTD
KERPRO 5 7/8 04/06/21
5.875 4/6/2021 104.582 104.898 4.153 4.038 Middle 200000 1000 N
USD SOFTBANK GROUP CORP
SOFTBK 5 3/8 07/30/22
5.375 7/30/2022 100.62 101.307 5.206 5.022 Middle 200000 1000 Y
USD PCCW CAPITAL NO 4 LTD
PCCW 5 3/4 04/17/22
5.75 4/17/2022 105.513 105.772 4.195 4.125 Middle 200000 1000 N
TRY EUROPEAN INVESTMENT BANK
EIB 10 1/2 03/12/19 (Offer Suspended)
10.5 3/12/2019 95.646 96.123 16.527 15.84 Middle 50000 1000 N
SGD OLAM INTERNATIONAL LTD
OLAMSP 6 10/25/22
6 10/25/2022 104.763 105.1 4.787 4.704 High 250000 250000 N
SGD BANYAN TREE HOLDINGS LTD
BTHSP 5 3/4 07/31/18
5.75 7/31/2018 100.3 100.634 3.899 1.968 High 250000 250000 N
HKD NWD MTN LTD
NWDEVL 5.9 09/18/23
5.9 9/18/2023 - - - - High 2000000 500000 N
HKD HONG KONG MTG CO
HKMTGC 5.01 10/09/17
5.01 10/9/2017 - - - - Low 500000 500000 N
HKD MUNSUN CAPITAL GROUP LTD
PREMET 7 1/4 02/04/18 (Offer Suspended)
8.5 8/4/2019 - - - - High 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 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 141.583 143.431 3.84 3.734 High 50000 1000 N
GBP PRUDENTIAL PLC
PRUFIN 11 3/8 05/29/39
11.375 5/29/2039 109.757 109.953 10.838 10.816 High 50000 1000 Y
GBP BHP BILLITON FINANCE LTD
BHP 6 1/2 10/22/77
6.5 10/22/2077 113.702 114.325 5.463 5.431 High 100000 1000 Y
GBP ELECTRICITE DE FRANCE SA
EDF 6 PERP
6 Perp. 102.832 103.505 5.613 5.576 High 100000 100000 Y
GBP AMERICAN INTL GROUP
AIG 8 5/8 05/22/38
8.625 5/22/2038 - - - - Middle 50000 50000 Y
GBP HEATHROW FINANCE PLC
HTHROW 5 3/8 09/01/19
5.375 9/1/2019 104.335 104.76 1.864 1.532 Middle 100000 1000 N
EUR GENERAL ELECTRIC CO
GE 5 1/2 09/15/67
5.5 9/15/2067 - - - - Middle 50000 1000 Y
EUR AVIVA PLC
AVLN 6 7/8 05/22/38
6.875 5/22/2038 99.75 100.45 - - High 50000 1000 Y
CNY HNA GROUP INTL CO LTD
SANYPH 8 11/13/17
8 11/13/2017 - - - - High 1000000 10000 N
CNY GEMDALE ASIA HLD LTD
GEMDAL 5 5/8 03/21/18
5.625 3/21/2018 - - - - Middle 1000000 10000 N
CNY LONGFOR PROPERTIES
LNGFOR 6 3/4 05/28/18
6.75 5/28/2018 - - - - Middle 1000000 10000 N
CNY POWERLONG REAL ESTATE
PWRLNG 10 3/4 09/18/17
10.75 9/18/2017 - - - - Middle 1000000 10000 N
CNY MONGOLIA INTL BOND
MONGOL 7 1/2 06/30/18
7.5 6/30/2018 99.84 100.396 9.231 2.9 High 1000000 10000 N
CHF SCOR SE
SCOR 5 1/4 PERP
5.25 Perp. 100.18 100.21 -1.168 -2.193 High 50000 5000 Y
BRL INTL FINANCE CORP
IFC 10 1/2 04/17/18 (Offer Suspended)
10.5 4/17/2018 - - - - High 50000 5000 N
AUD MORGAN STANLEY
MS 7 3/8 02/22/18
7.375 2/22/2018 - - - - Low 50000 1000 N
AUD VTB BANK (VTB CAPITAL SA
VTB 7 1/2 12/11/17
7.5 12/11/2017 - - - - High 200000 1000 N
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 98.369 99.347 7.032 6.406 Middle 160000 100 N
USD ALBARAKA TURK KATILIM BA
ALBRK 6 1/4 06/30/19
6.25 6/30/2019 99.037 99.894 7.18 6.346 High 200000 1000 N
USD BARCLAYS BANK PLC
BACR 5.14 10/14/20
5.14 10/14/2020 102.598 103.216 3.981 3.711 Low 100000 1000 N
USD BANGKOK BANK PCL/HK
BBLTB 9.025 03/15/29
9.025 3/15/2029 134.663 135.301 4.859 4.796 High 100000 1000 N
USD BANK OF EAST ASIA LTD
BNKEA 6 1/8 07/16/20
6.125 7/16/2020 104.476 104.836 3.912 3.74 Middle 100000 1000 N
USD BANK OF EAST ASIA LTD
BNKEA 8 1/2 PERP
8.5 Perp. 105.826 106.663 9.112 9.041 High 100000 1000 Y
USD WING LUNG BANK LTD
CHINAM 4.793 11/07/22
4.793 11/7/2022 - - - - Middle 200000 1000 Y
USD CHINA CITIC BANK INTL
CINDBK 6 7/8 06/24/20
6.875 6/24/2020 105.11 105.501 4.267 4.074 Middle 100000 1000 N
USD CREDIT SUISSE NEW YORK
CS 5.4 01/14/20
5.4 1/14/2020 103.528 103.645 3.153 3.081 Middle 50000 1000 N
USD DAH SING BANK LTD
DAHSIN 6 5/8 02/11/20
6.625 2/11/2020 104.035 104.289 4.138 3.986 Middle 100000 1000 N
USD ICBC ASIA LTD
ICBCAS 5 1/8 11/30/20
5.125 11/30/2020 102.988 103.224 3.861 3.763 Low 100000 1000 N
USD ING GROEP NV
INTNED 6 PERP
6 Perp. 100.805 101.291 7.151 7.117 High 200000 1000 Y
USD LLOYDS BANK PLC
LLOYDS 6 1/2 09/14/20
6.5 9/14/2020 105.919 106.251 3.776 3.629 Low 100000 1000 N
USD ST SAVINGS BK (SSB #1)
OSCHAD 9 3/8 03/10/23
9.375 3/10/2023 103.439 104.318 8.479 8.257 High 200000 1000 N
USD ROYAL BK OF SCOTLAND NV
RBS 4.65 06/04/18
4.65 6/4/2018 100.017 100.049 3.35 1.097 High 50000 1000 N
USD STANDARD CHARTERED BK HK
STANLN 5 7/8 06/24/20
5.875 6/24/2020 104.213 104.597 3.739 3.55 Middle 100000 1000 N
USD YAPI VE KREDI BANKASI AS
YKBNK 5 1/2 12/06/22
5.5 12/6/2022 89.166 90.194 8.432 8.136 Middle 200000 1000 N
USD CREDIT AGRICOLE SA
ACAFP 0 PERP
3.21669 Perp. 93.015 94.139 3.831 3.785 High 100000 1000 Y
USD SOCIETE GENERALE
SOCGEN 4 1/4 08/19/26
4.25 8/19/2026 96.212 96.765 4.812 4.729 High 200000 1000 N
USD SOCIETE GENERALE
SOCGEN 5 01/17/24
5 1/17/2024 101.627 102.039 4.667 4.584 Middle 200000 1000 N
USD SOCIETE GENERALE
SOCGEN 7 7/8 PERP
7.875 Perp. 105.439 105.934 7.493 7.458 High 200000 1000 Y
USD STANDARD CHARTERED PLC
STANLN 3.95 01/11/23
3.95 1/11/2023 97.826 98.216 4.476 4.38 Low 200000 1000 N
USD STANDARD CHARTERED PLC
STANLN 4 07/12/22
4 7/12/2022 - - - - Low 200000 1000 Y
USD STANDARD CHARTERED PLC
STANLN 4.3 02/19/27
4.3 2/19/2027 96.227 96.787 4.834 4.753 Middle 200000 1000 N
USD STANDARD CHARTERED PLC
STANLN 5.2 01/26/24
5.2 1/26/2024 102.662 103.233 4.658 4.544 Middle 200000 1000 N
USD STANDARD CHARTERED PLC
STANLN 5.7 01/25/22
5.7 1/25/2022 104.696 105.087 4.296 4.183 Low 200000 1000 N
USD STANDARD CHARTERED PLC
STANLN 7.014 PERP
7.014 Perp. 110.955 111.887 5.255 5.2 High 100000 100000 Y
SGD ABN AMRO BANK NV
ABNANV 4.7 10/25/22
4.7 10/25/2022 - - - - Middle 250000 1000 Y
SGD BANK OF EAST ASIA LTD
BNKEA 4 1/4 09/13/22
4.25 9/13/2022 - - - - Middle 250000 250000 Y
SGD DBS BANK LTD
DBSSP 3.1 02/14/23
3.1 2/14/2023 - - - - Low 250000 250000 Y
SGD ICICI BANK LTD/DUBAI
ICICI 3.65 01/14/20
3.65 1/14/2020 101.46 101.782 2.725 2.524 Middle 250000 250000 N
SGD MALAYAN BANKING BHD
MAYMK 6 PERP
6 Perp. 100.607 100.953 2.25 2.241 High 250000 250000 Y
SGD OVERSEA-CHINESE BANKING
OCBCSP 4 PERP
4 Perp. - - - - High 250000 250000 Y
SGD UNITED OVERSEAS BANK LTD
UOBSP 3.15 07/11/22
3.15 7/11/2022 - - - - Low 250000 250000 Y
SGD UNITED OVERSEAS BANK LTD
UOBSP 4 3/4 PERP
4.75 Perp. 102.614 102.977 5.214 5.196 Middle 250000 250000 Y
HKD BANK OF CHINA/HONG KONG
BCHINA 2.095 10/06/20
2.095 10/6/2020 - - - - Low 500000 100000 N
HKD BANK OF CHINA/HONG KONG
BCHINA 2.27 10/09/17
2.27 10/9/2017 - - - - Low 500000 50000 N
HKD BANK OF EAST ASIA LTD
BNKEA 2.97 06/24/19
2.97 6/24/2019 - - - - Low 1500000 500000 N
HKD BK OF COMMUNICATIONS/HK
BOCOM 2 08/17/20
2 8/17/2020 - - - - Low 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 1 3/4 10/16/17
1.75 10/16/2017 - - - - Low 1000000 1000000 N
HKD HANG SENG BANK LTD
HANSEN 2 1/4 05/11/20
2.25 5/11/2020 - - - - Middle 1000000 1000000 N
HKD CHINA DEVELOPMENT BK/HK
SDBC 1.8 07/02/18
1.8 7/2/2018 - - - - Low 500000 500000 N
HKD CHINA DEVELOPMENT BK/HK
SDBC 3 06/25/18
3 6/25/2018 - - - - High 1000000 1000000 N
HKD CHINA DEVELOPMENT BK/HK
SDBC 3 07/30/18
3 7/30/2018 - - - - 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 BARCLAYS BANK PLC
BACR 6 3/4 01/16/23
6.75 1/16/2023 - - - - Middle 50000 1000 Y
GBP BARCLAYS BANK PLC
BACR 6 PERP
6 Perp. - - - - High 50000 10000 Y
GBP UNICREDIT INTL BANK
UCGIM 8.5925 PERP
8.5925 Perp. 100.558 100.768 1.525 -1.003 High 50000 1000 Y
GBP SOCIETE GENERALE
SOCGEN 8 7/8 PERP
8.875 Perp. 100.348 100.638 1.671 -3.724 High 50000 1000 Y
GBP STANDARD CHARTERED PLC
STANLN 5 1/8 06/06/34
5.125 6/6/2034 104.101 105.211 4.753 4.656 High 100000 1000 N
EUR NATIONWIDE BLDG SOCIETY
NWIDE 4 1/8 03/20/23
4.125 3/20/2023 - - - - Low 100000 1000 Y
EUR BANK OF AMERICA CORP
BAC 0 05/06/19
1.132 5/6/2019 101.001 101.183 0.089 -0.1 Low 50000 1000 Y
EUR BNP PARIBAS
BNP 4 7/8 PERP
4.875 Perp. 101.842 102.449 4.785 4.757 High 50000 1000 Y
EUR CITIGROUP INC
C 0 02/10/19
- 2/10/2019 - - - - Low 50000 1000 Y
EUR SOCIETE GENERALE
SOCGEN 6.999 PERP
6.999 Perp. - - - - High 50000 50000 Y
AUD AUST & NZ BANKING GROUP
ANZ 4 1/4 04/17/18
4.25 4/17/2018 100.01 100.01 - - Low 50000 1000 N
AUD CITIGROUP INC
C 4 3/4 02/05/18 (Offer Suspended)
4.75 2/5/2018 100.02 100.13 - - Low 100000 100000 N
AUD SOCIETE GENERALE
SOCGEN 5 07/20/28
8 7/20/2028 102.207 102.568 5.029 4.984 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 2 7/8 10/10/17
2.875 10/10/2017 - - - - Low 200000 1000 N
USD BOC AVIATION LTD
BOCAVI 3 03/30/20
3 3/30/2020 98.909 99.106 3.618 3.505 Low 200000 1000 N
USD COMPET TEAM TECH LTD
HONHAI 2 1/8 12/13/17
2.125 12/13/2017 - - - - Low 200000 1000 N
USD DOUBLE CHARM LTD
EVBSF 2 7/8 08/27/18
2.875 8/27/2018 99.81 99.862 3.632 3.419 Low 200000 1000 N
USD TEMASEK FINANCIAL I LTD
TEMASE 4.3 10/25/19
4.3 10/25/2019 101.825 101.935 2.963 2.884 Low 250000 1000 N
USD BAIDU INC
BIDU 3 1/2 11/28/22
3.5 11/28/2022 98.361 98.655 3.901 3.828 Low 200000 1000 N
USD BAIDU INC
BIDU 3 1/4 08/06/18
3.25 8/6/2018 100.025 100.059 3.083 2.902 Low 200000 1000 N
USD BAIDU INC
BIDU 3 1/4 08/06/18
3.25 8/6/2018 100.025 100.059 3.083 2.902 Low 200000 1000 N
USD COUNTRY GARDEN HLDGS
COGARD 5 1/8 01/17/25
5.125 1/17/2025 92.619 93.22 6.511 6.394 High 200000 1000 Y
USD CHINA SOUTH CITY HOLDING
CSCHCN 7 1/4 11/20/22
7.25 11/20/2022 86.014 86.709 11.318 11.097 High 200000 1000 N
USD ESTATE SKY LTD
CSIPTY 4 7/8 08/08/21
4.875 8/8/2021 94.972 95.632 6.646 6.407 High 200000 1000 N
USD HONGKONG LAND FINANCE
HKLSP 4 1/2 06/01/22
4.5 6/1/2022 103.378 103.686 3.587 3.506 Low 200000 1000 N
USD NAN FUNG TREASURY LTD
NANFUN 4 1/2 09/20/22
4.5 9/20/2022 101.224 101.565 4.185 4.099 Middle 200000 1000 N
USD RKI OVERSEAS FIN 2017 A
ROADKG 7 PERP
7 Perp. 82.089 83.256 8.526 8.407 High 200000 1000 Y
USD RONSHINE CHINA
RONXIN 8 1/4 02/01/21
8.25 2/1/2021 94.595 95.214 10.615 10.335 High 200000 1000 N
USD SHUI ON DEVELOPMENT HLDG
SHUION 4 3/8 10/05/19
4.375 10/5/2019 99.098 99.532 5.07 4.733 High 200000 1000 N
USD XINYUAN REAL ESTATE
XIN 8 7/8 11/22/20
8.875 11/22/2020 95.618 96.126 10.938 10.692 High 200000 1000 N
USD SAN MIGUEL CORP
SMCPM 4 7/8 04/26/23
4.875 4/26/2023 98.043 98.779 5.332 5.159 High 200000 1000 Y
USD UKRAINE GOVERNMENT
UKRAIN 0 05/31/40
- 5/31/2040 70.137 71.252 - - High 50000 1000 N
USD PCCW-HKT CAPITAL NO5 LTD
PCCW 3 3/4 03/08/23
3.75 3/8/2023 98.95 99.303 3.993 3.91 Middle 200000 1000 N
USD HKT CAPITAL NO 2 LTD
PCCW 3 5/8 04/02/25
3.625 4/2/2025 96.43 96.942 4.231 4.142 Middle 200000 1000 N
TRY
TRY EUROPEAN INVESTMENT BANK
EIB 0 09/05/22 (Offer Suspended)
- 9/5/2022 54.885 55.495 15.07 14.773 Low 50000 1000 N
SGD
SGD WHEELOCK FINANCE LTD
WHEELK 4 1/2 09/02/21
4.5 9/2/2021 104.59 104.84 3.013 2.935 Middle 250000 250000 N
SGD GLL IHT PTE LTD
GUOLSP 4.1 05/13/20
4.1 5/13/2020 101.537 101.847 3.282 3.119 High 250000 250000 N
SGD GLL IHT PTE LTD
GUOLSP 4.35 09/12/17
4.35 9/12/2017 - - - - Middle 250000 250000 N
SGD WING TAI HOLDINGS
WINGTA 4 1/2 09/26/22
4.5 9/26/2022 - - - - 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 - - - - Middle 1500000 500000 N
HKD WHEELOCK FINANCE LIMITED
WHEELK 4.2 09/13/22
4.2 9/13/2022 - - - - Middle 1000000 1000000 N
HKD HONG KONG MTG CO
HKMTGC 4.82 11/28/17
4.82 11/28/2017 - - - - Low 500000 500000 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 2.95 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 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 107.399 108.009 1.992 1.894 Middle 100000 1000 N
GBP AMERICAN INTL GROUP
AIG 0 03/15/67
2.31091 3/15/2067 - - - - High 50000 50000 Y
GBP VODAFONE GROUP PLC
VOD 3 08/12/56
3 8/12/2056 82.691 84.013 3.875 3.799 High 100000 1000 N
CNY
CNY VOLKSWAGEN INTL FIN NV
VW 3 1/2 01/23/19
3.5 1/23/2019 99.345 99.567 4.516 4.168 Low 1000000 1000000 N
CNY BOC AVIATION LTD
BOCAVI 4 1/2 11/20/18
4.5 11/20/2018 99.998 100.125 4.502 4.23 Low 1000000 10000 N
CNY ICBCIL FINANCE CO LTD
ICBCIL 3.9 06/18/18
3.9 6/18/2018 99.949 99.979 4.716 4.216 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 99.804 99.911 4.486 4.188 Middle 1000000 10000 N
CNY VALUE SUCCESS INTL LTD
PINGIN 4 3/4 11/04/18
4.75 11/4/2018 100.107 100.282 4.493 4.087 High 1000000 10000 N
CNY VALUE SUCCESS INTL LTD
PINGIN 4.95 01/29/19
4.95 1/29/2019 100.208 100.442 4.622 4.266 High 1000000 10000 N
CNY CATERPILLAR FINANCIAL SE
CAT 3.55 06/23/18
3.55 6/23/2018 99.909 99.952 4.762 4.176 Low 1000000 500000 N
AUD
AUD BHP BILLITON FINANCE LTD
BHP 3 3/4 10/18/17
3.75 10/18/2017 100 100 - - Low 50000 10000 N
AUD TELSTRA CORP LTD
TLSAU 4 11/15/17
4 11/15/2017 - - - - Low 50000 10000 N
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.
Bonds
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