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 101.815 103.15 7.166 6.927 High 50000 1000 Y
USD GARUDA ID GLOBAL SUKUK
GARUDA 5.95 06/03/20
5.95 6/3/2020 100.939 101.586 5.499 5.195 High 200000 1000 N
USD GRAND CHINA AIR HONG KON
GRCHAR 6 3/8 03/07/19
6.375 3/7/2019 90.319 91.353 17.03 15.811 High 200000 1000 N
USD HNA GROUP INTL CO LTD
SANYPH 6 08/18/19
6 8/18/2019 93.089 94.25 11.21 10.299 High 200000 1000 N
USD HNA GROUP INTL CO LTD
SANYPH 8 1/8 12/03/18
8.125 12/3/2018 97.13 98.037 12.115 10.825 High 200000 1000 N
USD HNA GROUP INTL CO LTD
SANYPH 8 7/8 11/06/18
8.875 11/6/2018 98.105 99.168 11.763 10.112 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 102.247 102.624 7.575 7.424 High 250000 1000 Y
USD NOBLE GROUP LTD
NOBLSP 8 3/4 03/09/22
8.75 3/9/2022 48.368 49.599 35.928 34.905 High 200000 1000 Y
USD ZHONGRONG INT RES CO LTD
SDCOKI 7 1/4 10/26/20
7.25 10/26/2020 94.683 95.451 9.55 9.207 Middle 200000 1000 N
USD LI & FUNG LTD
LIFUNG 5 1/4 PERP
5.25 Perp. 87.67 88.69 5.988 5.919 High 200000 1000 Y
USD LI & FUNG LTD
LIFUNG 6 PERP
6 Perp. 100.238 100.491 7.88 7.86 High 200000 1000 Y
USD MIE HOLDINGS CORP
MIEHOL 6 7/8 02/06/18
6.875 2/6/2018 90.375 90.375 - - High 200000 1000 Y
USD CREDIT SUISSE GROUP AG
CS 6 1/4 PERP
6.25 Perp. 104.916 105.635 5.948 5.907 High 200000 1000 Y
USD TBLA INTERNATIONAL PTE L
TBLAIJ 7 01/24/23
7 1/24/2023 99.749 100.291 7.059 6.927 High 200000 1000 Y
USD CHINA PROPERTIES GROUP
CHINPR 13 1/2 10/16/18
13.5 10/16/2018 99.786 100.627 13.787 12.377 High 200000 1000 Y
USD INDO ENERGY FINANCE II
INDYIJ 6 3/8 01/24/23
6.375 1/24/2023 100.42 100.977 6.272 6.14 High 200000 1000 Y
USD DAI-ICHI LIFE INSURANCE
DAIL 7 1/4 PERP
7.25 Perp. 110.733 111.325 6.014 5.981 High 50000 1000 Y
USD ZOOMLION HK SPV CO LTD
ZOOMLI 6 1/8 12/20/22
6.125 12/20/2022 101.093 101.649 5.859 5.726 High 200000 1000 N
USD BHP BILLITON FIN USA LTD
BHP 6 1/4 10/19/75
6.25 10/19/2075 106.362 106.899 7.039 7.004 High 200000 1000 Y
USD ARCELORMITTAL
MTNA 6 1/8 06/01/18
6.125 6/1/2018 101.789 101.789 - - Middle 50000 1000 N
USD ABJA INVESTMENT CO
TATAIN 5.95 07/31/24
5.95 7/31/2024 103.665 104.255 5.269 5.163 Middle 200000 1000 N
USD VEDANTA RESOURCES PLC
VEDLN 6 01/31/19
6 1/31/2019 101.601 101.974 4.195 3.788 High 200000 1000 N
USD FORTUNE STAR BVI LTD
FOSUNI 5 3/8 12/05/20
5.375 12/5/2020 100.292 100.754 5.257 5.077 Middle 200000 1000 N
USD CHINA AOYUAN PROPERTY
CAPG 10 7/8 05/26/18
10.875 5/26/2018 101.552 101.963 4.408 2.803 Middle 200000 1000 N
USD CHN AOYUAN PROPERTY GRP
CAPG 6.35 01/11/20
6.35 1/11/2020 101.167 101.596 5.679 5.437 High 200000 1000 N
USD CENTRAL CHN REAL ESTATE
CENCHI 6 1/2 06/04/18
6.5 6/4/2018 100.338 100.699 5.151 3.822 Middle 200000 1000 Y
USD CENTRAL CHN REAL ESTATE
CENCHI 8 01/28/20
8 1/28/2020 101.821 102.074 6.965 6.824 Middle 200000 1000 Y
USD CENTRAL CHINA REAL ESTAT
CENCHI 8 3/4 01/23/21
8.75 1/23/2021 106.465 107.082 6.277 6.052 Middle 200000 1000 Y
USD FRANSHION DEVELOPMENT
CHJMAO 6 3/4 04/15/21
6.75 4/15/2021 108.465 108.835 3.854 3.734 Middle 200000 1000 N
USD COUNTRY GARDEN HLDG CO
COGARD 7 1/2 01/10/23
7.5 1/10/2023 103.8 103.8 - - High 200000 1000 Y
USD COUNTRY GARDEN HLDG CO
COGARD 7 1/2 03/09/20
7.5 3/9/2020 103.815 104.25 5.49 5.267 Middle 200000 1000 Y
USD COUNTRY GARDEN HLDGS
COGARD 7 1/4 04/04/21
7.25 4/4/2021 103.524 103.778 5.986 5.897 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 96.01 96.531 7.911 7.622 High 200000 1000 N
USD CHINA SOUTH CITY HOLDING
CSCHCN 6 3/4 09/13/21
6.75 9/13/2021 95.49 96.067 8.241 8.046 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 97.874 98.317 6.971 6.819 High 200000 1000 N
USD CHINA EVERGRANDE GROUP
EVERRE 7 03/23/20
7 3/23/2020 101.769 102.238 6.075 5.834 High 200000 1000 N
USD CHINA EVERGRANDE GROUP
EVERRE 7 1/2 06/28/23
7.5 6/28/2023 98.139 98.668 7.931 7.806 High 200000 1000 Y
USD CHINA EVERGRANDE GROUP
EVERRE 8 1/4 03/23/22
8.25 3/23/2022 102.353 102.866 7.565 7.419 High 200000 1000 Y
USD CHINA EVERGRANDE GROUP
EVERRE 8 3/4 06/28/25
8.75 6/28/2025 100.117 100.641 8.724 8.626 High 200000 1000 Y
USD CHINA EVERGRANDE GROUP
EVERRE 9 1/2 03/29/24
9.5 3/29/2024 104.093 104.566 8.619 8.52 High 200000 1000 Y
USD FANTASIA HOLDINGS GROUP
FTHDGR 10 3/4 01/22/20 (Offer Suspended)
10.75 1/22/2020 102.796 103.25 9.106 8.846 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 98.943 99.442 5.573 5.301 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 95.748 96.261 9.717 9.566 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 95.676 96.199 10.315 10.198 High 200000 1000 Y
USD LONGFOR PROPERTIES
LNGFOR 6 3/4 01/29/23
6.75 1/29/2023 103.58 103.58 - - Middle 200000 1000 Y
USD LOGAN PROPERTY HOLDINGS
LOGPH 5 1/4 02/23/23
5.25 2/23/2023 93.494 94.103 6.809 6.658 High 200000 1000 Y
USD POWERLONG REAL ESTATE HL
PWRLNG 7 5/8 11/26/18
7.625 11/26/2018 102.183 102.584 4.605 4.066 High 200000 1000 N
USD RKP OVERSEAS FI 2016 A
ROADKG 7.95 PERP
7.95 Perp. 101.111 101.772 7.862 7.811 High 200000 1000 Y
USD RONSHINE CHINA
RONXIN 6.95 12/08/19
6.95 12/8/2019 98.418 98.865 7.91 7.634 High 200000 1000 Y
USD SHIMAO PROPERTY HLDGS
SHIMAO 8 1/8 01/22/21
8.125 1/22/2021 104.29 104.29 - - Middle 200000 1000 Y
USD SHIMAO PROPERTY HLDGS
SHIMAO 8 3/8 02/10/22
8.375 2/10/2022 107.738 108.144 6.139 6.027 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 100.139 100.726 5.647 5.428 High 200000 1000 N
USD SHUI ON DEVELOPMENT HOLD
SHUION 8.7 05/19/18
8.7 5/19/2018 100.734 101.213 5.313 3.258 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 100.919 101.447 6.461 6.226 High 200000 1000 N
USD SUNAC CHINA HOLDINGS LTD
SUNAC 7.95 08/08/22
7.95 8/8/2022 102.083 102.631 7.39 7.246 High 200000 1000 Y
USD SUNAC CHINA HOLDINGS LTD
SUNAC 8 3/4 12/05/19
8.75 12/5/2019 104.253 104.567 6.17 5.986 Middle 200000 1000 Y
USD SUNSHINE 100 CHINA HLDGS
SUNCHN 8 1/2 09/27/20
8.5 9/27/2020 97.763 98.205 9.491 9.292 High 200000 1000 Y
USD VLL INTERNATIONAL INC
VLLPM 7 3/8 06/18/22
7.375 6/18/2022 108.264 109.212 5.206 4.971 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 95.576 96.093 9.477 9.27 High 200000 1000 N
USD XINYUAN REAL ESTATE
XIN 8 1/8 08/30/19
8.125 8/30/2019 100.023 100.46 8.141 7.827 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 101.75 101.75 - - Middle 200000 1000 Y
USD PANDA GREEN ENERGY GROUP
GDPOLY 8 1/4 01/25/20
8.25 1/25/2020 100.132 100.709 8.167 7.837 High 200000 1000 N
USD GUANGHUI INVESTMENT GR
GUANGH 7 7/8 03/30/20
7.875 3/30/2020 99.198 99.781 8.294 7.985 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 103.511 104.009 4.889 4.856 Middle 200000 1000 N
USD REPUBLIC OF SRI LANKA
SRILAN 6 1/4 10/04/20
6.25 10/4/2020 103.583 104.059 4.767 4.576 Middle 100000 1000 N
USD REPUBLIC OF SRI LANKA
SRILAN 6 1/8 06/03/25
6.125 6/3/2025 100.963 101.458 5.958 5.874 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 28.95 29.555 42.162 41.438 High 50000 100 N
USD REPUBLIC OF VENEZUELA
VENZ 9 05/07/23
9 5/7/2023 26.5 27.25 47.222 46.216 High 50000 100 N
USD HUTCH WHAM INT 09 LTD
CKHH 7 5/8 04/09/19
7.625 4/9/2019 105.262 105.402 2.801 2.678 Low 100000 1000 N
USD HUTCH WHAM INT 09 LTD
CKHH 7 5/8 04/09/19
7.625 4/9/2019 105.262 105.402 2.801 2.678 Low 100000 1000 N
USD HUTCHISON WHAM INT 03/33
CKHH 7.45 11/24/33
7.45 11/24/2033 136.143 137.654 4.272 4.164 Middle 100000 1000 N
USD WISEYEAR HOLDINGS LTD
KERPRO 5 7/8 04/06/21
5.875 4/6/2021 105.803 106.141 3.874 3.761 Middle 200000 1000 N
USD SOFTBANK GROUP CORP
SOFTBK 5 3/8 07/30/22
5.375 7/30/2022 101.34 102.185 5.032 4.82 Middle 200000 1000 Y
USD PCCW CAPITAL NO 4 LTD
PCCW 5 3/4 04/17/22
5.75 4/17/2022 106.707 106.977 3.975 3.906 Middle 200000 1000 N
TRY EUROPEAN INVESTMENT BANK
EIB 10 1/2 03/12/19 (Offer Suspended)
10.5 3/12/2019 97.865 98.178 12.753 12.417 Middle 50000 1000 N
SGD OLAM INTERNATIONAL LTD
OLAMSP 6 10/25/22
6 10/25/2022 103.584 104.011 5.123 5.021 High 250000 250000 N
SGD BANYAN TREE HOLDINGS LTD
BTHSP 5 3/4 07/31/18
5.75 7/31/2018 100.527 101.111 4.45 3.052 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 144.473 146.516 3.697 3.584 High 50000 1000 N
GBP PRUDENTIAL PLC
PRUFIN 11 3/8 05/29/39
11.375 5/29/2039 112.02 112.246 10.516 10.491 High 50000 1000 Y
GBP BHP BILLITON FINANCE LTD
BHP 6 1/2 10/22/77
6.5 10/22/2077 116.285 116.959 5.354 5.321 High 100000 1000 Y
GBP ELECTRICITE DE FRANCE SA
EDF 6 PERP
6 Perp. 104.107 104.956 5.558 5.513 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 105.2 105.872 1.87 1.434 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 101.404 101.729 3.018 2.996 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 100.45 100.706 4.822 3.796 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 100.457 100.722 6.061 5.26 High 1000000 10000 N
CHF SCOR SE
SCOR 5 1/4 PERP
5.25 Perp. 101.27 101.441 4.093 4.086 High 50000 5000 Y
BRL INTL FINANCE CORP
IFC 10 1/2 04/17/18 (Offer Suspended)
10.5 4/17/2018 100.458 100.529 6.471 5.984 High 50000 5000 N
AUD MORGAN STANLEY
MS 7 3/8 02/22/18
7.375 2/22/2018 100.013 100.014 - - 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 97.718 98.653 7.275 6.747 Middle 160000 100 N
USD ALBARAKA TURK KATILIM BA
ALBRK 6 1/4 06/30/19
6.25 6/30/2019 99.858 100.675 6.354 5.713 High 200000 1000 N
USD BARCLAYS BANK PLC
BACR 5.14 10/14/20
5.14 10/14/2020 104.122 104.516 3.485 3.331 Low 100000 1000 N
USD BANGKOK BANK PCL/HK
BBLTB 9.025 03/15/29
9.025 3/15/2029 139.78 140.403 4.432 4.374 High 100000 1000 N
USD BANK OF EAST ASIA LTD
BNKEA 6 1/8 07/16/20
6.125 7/16/2020 105.686 106.003 3.614 3.479 Middle 100000 1000 N
USD BANK OF EAST ASIA LTD
BNKEA 8 1/2 PERP
8.5 Perp. 108.238 108.694 8.556 8.52 High 100000 1000 Y
USD WING LUNG BANK LTD
CHINAM 4.793 11/07/22
4.793 11/7/2022 100.083 100.199 4.827 4.813 Middle 200000 1000 Y
USD CHINA CITIC BANK INTL
CINDBK 6 7/8 06/24/20
6.875 6/24/2020 106.456 106.948 3.938 3.724 Middle 100000 1000 N
USD CREDIT SUISSE NEW YORK
CS 5.4 01/14/20
5.4 1/14/2020 104.112 104.411 3.129 2.969 Middle 50000 1000 N
USD DAH SING BANK LTD
DAHSIN 6 5/8 02/11/20
6.625 2/11/2020 105.14 105.371 3.869 3.75 Middle 100000 1000 N
USD ICBC ASIA LTD
ICBCAS 5 1/8 11/30/20
5.125 11/30/2020 104.161 104.406 3.527 3.435 Low 100000 1000 N
USD ING GROEP NV
INTNED 6 PERP
6 Perp. 102.211 102.798 6.907 6.869 High 200000 1000 Y
USD LLOYDS BANK PLC
LLOYDS 6 1/2 09/14/20
6.5 9/14/2020 107.61 108.025 3.357 3.194 Low 100000 1000 N
USD ST SAVINGS BK (SSB #1)
OSCHAD 9 3/8 03/10/23
9.375 3/10/2023 105.363 106.101 8.057 7.882 High 200000 1000 N
USD ROYAL BK OF SCOTLAND NV
RBS 4.65 06/04/18
4.65 6/4/2018 100.433 100.624 2.998 2.295 High 50000 1000 N
USD STANDARD CHARTERED BK HK
STANLN 5 7/8 06/24/20
5.875 6/24/2020 105.579 105.916 3.358 3.212 Middle 100000 1000 N
USD YAPI VE KREDI BANKASI AS
YKBNK 5 1/2 12/06/22
5.5 12/6/2022 97.35 98.04 6.146 5.975 Middle 200000 1000 N
USD CREDIT AGRICOLE SA
ACAFP 0 PERP
2.71132 Perp. 93.252 94.555 3.382 3.335 High 100000 1000 Y
USD SOCIETE GENERALE
SOCGEN 4 1/4 08/19/26
4.25 8/19/2026 98.345 98.824 4.487 4.418 High 200000 1000 N
USD SOCIETE GENERALE
SOCGEN 5 01/17/24
5 1/17/2024 104.155 104.508 4.195 4.129 Middle 200000 1000 N
USD SOCIETE GENERALE
SOCGEN 7 7/8 PERP
7.875 Perp. 110.805 111.431 7.037 6.997 High 200000 1000 Y
USD STANDARD CHARTERED PLC
STANLN 3.95 01/11/23
3.95 1/11/2023 99.067 99.461 4.163 4.072 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 97.999 98.591 4.574 4.492 Middle 200000 1000 N
USD STANDARD CHARTERED PLC
STANLN 5.2 01/26/24
5.2 1/26/2024 104.521 104.997 4.325 4.235 Middle 200000 1000 N
USD STANDARD CHARTERED PLC
STANLN 5.7 01/25/22
5.7 1/25/2022 106.184 106.613 3.976 3.861 Low 200000 1000 N
USD STANDARD CHARTERED PLC
STANLN 7.014 PERP
7.014 Perp. 119.946 120.956 4.604 4.553 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 102.436 102.627 2.317 2.214 Middle 250000 250000 N
SGD MALAYAN BANKING BHD
MAYMK 6 PERP
6 Perp. 101.303 101.622 2.255 2.248 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. 103.062 103.437 5.073 5.055 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 100.131 100.131 - - 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. 102.057 102.495 4.448 4.429 High 50000 1000 Y
GBP SOCIETE GENERALE
SOCGEN 8 7/8 PERP
8.875 Perp. 101.586 102.118 4.006 3.985 High 50000 1000 Y
GBP STANDARD CHARTERED PLC
STANLN 5 1/8 06/06/34
5.125 6/6/2034 110.813 112.112 4.193 4.089 High 100000 1000 N
EUR NATIONWIDE BLDG SOCIETY
NWIDE 4 1/8 03/20/23
4.125 3/20/2023 100.249 100.274 -0.195 -0.612 Low 100000 1000 Y
EUR BANK OF AMERICA CORP
BAC 0 05/06/19
1.131 5/6/2019 101.284 101.554 0.065 -0.157 Low 50000 1000 Y
EUR BNP PARIBAS
BNP 4 7/8 PERP
4.875 Perp. 102.96 103.465 4.734 4.71 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 100.2934 100.3025 2.038 1.971 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 103.06 103.413 4.918 4.875 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 99.446 99.625 3.275 3.186 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 99.674 99.743 3.539 3.398 Low 200000 1000 N
USD TEMASEK FINANCIAL I LTD
TEMASE 4.3 10/25/19
4.3 10/25/2019 102.673 102.779 2.643 2.578 Low 250000 1000 N
USD BAIDU INC
BIDU 3 1/2 11/28/22
3.5 11/28/2022 99.558 99.878 3.601 3.527 Low 200000 1000 N
USD BAIDU INC
BIDU 3 1/4 08/06/18
3.25 8/6/2018 100.187 100.243 2.816 2.688 Low 200000 1000 N
USD BAIDU INC
BIDU 3 1/4 08/06/18
3.25 8/6/2018 100.187 100.243 2.816 2.688 Low 200000 1000 N
USD COUNTRY GARDEN HLDGS
COGARD 5 1/8 01/17/25
5.125 1/17/2025 97.53 98.092 5.56 5.46 High 200000 1000 Y
USD CHINA SOUTH CITY HOLDING
CSCHCN 7 1/4 11/20/22
7.25 11/20/2022 95.446 95.95 8.432 8.298 High 200000 1000 N
USD ESTATE SKY LTD
CSIPTY 4 7/8 08/08/21
4.875 8/8/2021 98.69 99.281 5.295 5.104 High 200000 1000 N
USD HONGKONG LAND FINANCE
HKLSP 4 1/2 06/01/22
4.5 6/1/2022 104.477 104.769 3.362 3.29 Low 200000 1000 N
USD NAN FUNG TREASURY LTD
NANFUN 4 1/2 09/20/22
4.5 9/20/2022 102.151 102.512 3.979 3.893 Middle 200000 1000 N
USD RKI OVERSEAS FIN 2017 A
ROADKG 7 PERP
7 Perp. 94.533 95.27 7.404 7.346 High 200000 1000 Y
USD RONSHINE CHINA
RONXIN 8 1/4 02/01/21
8.25 2/1/2021 97.144 97.976 9.384 9.048 High 200000 1000 N
USD SHUI ON DEVELOPMENT HLDG
SHUION 4 3/8 10/05/19
4.375 10/5/2019 99.126 99.58 4.945 4.647 High 200000 1000 N
USD SAN MIGUEL CORP
SMCPM 4 7/8 04/26/23
4.875 4/26/2023 100.173 100.832 4.835 4.69 High 200000 1000 Y
USD UKRAINE GOVERNMENT
UKRAIN 0 05/31/40
- 5/31/2040 65.894 66.991 - - High 50000 1000 N
USD PCCW-HKT CAPITAL NO5 LTD
PCCW 3 3/4 03/08/23
3.75 3/8/2023 99.998 100.347 3.75 3.674 Middle 200000 1000 N
USD HKT CAPITAL NO 2 LTD
PCCW 3 5/8 04/02/25
3.625 4/2/2025 97.477 97.928 4.037 3.962 Middle 200000 1000 N
TRY
TRY EUROPEAN INVESTMENT BANK
EIB 0 09/05/22 (Offer Suspended)
- 9/5/2022 60.452 60.872 11.778 11.606 Low 50000 1000 N
SGD
SGD WHEELOCK FINANCE LTD
WHEELK 4 1/2 09/02/21
4.5 9/2/2021 105.782 106.126 2.762 2.663 Middle 250000 250000 N
SGD GLL IHT PTE LTD
GUOLSP 4.1 05/13/20
4.1 5/13/2020 101.189 101.492 3.533 3.39 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 107.439 108.208 2.029 1.909 Middle 100000 1000 N
GBP AMERICAN INTL GROUP
AIG 0 03/15/67
2.22119 3/15/2067 - - - - High 50000 50000 Y
GBP VODAFONE GROUP PLC
VOD 3 08/12/56
3 8/12/2056 83.442 84.953 3.829 3.744 High 100000 1000 N
CNY
CNY VOLKSWAGEN INTL FIN NV
VW 3 1/2 01/23/19
3.5 1/23/2019 99.254 99.55 4.347 4.009 Low 1000000 1000000 N
CNY BOC AVIATION LTD
BOCAVI 4 1/2 11/20/18
4.5 11/20/2018 100.021 100.202 4.462 4.207 Low 1000000 10000 N
CNY ICBCIL FINANCE CO LTD
ICBCIL 3.9 06/18/18
3.9 6/18/2018 99.779 99.885 4.616 4.265 Low 1000000 10000 N
CNY FUQING INVESTMENT MGMT
PINGRE 4.85 07/21/18
4.85 7/21/2018 100.045 100.315 4.723 4.033 High 1000000 100000 N
CNY BP CAPITAL MARKETS PLC
BPLN 3.95 10/08/18
3.95 10/8/2018 99.766 99.911 4.336 4.093 Middle 1000000 10000 N
CNY VALUE SUCCESS INTL LTD
PINGIN 4 3/4 11/04/18
4.75 11/4/2018 100.229 100.549 4.398 3.922 High 1000000 10000 N
CNY VALUE SUCCESS INTL LTD
PINGIN 4.95 01/29/19
4.95 1/29/2019 100.374 100.726 4.525 4.132 High 1000000 10000 N
CNY CATERPILLAR FINANCIAL SE
CAT 3.55 06/23/18
3.55 6/23/2018 99.736 99.86 4.369 3.979 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.

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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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