The BOCHK Group [comprising Bank of China (Hong Kong) (BOCHK), Nanyang Commercial Bank (NCB) and Chiyu Banking Corporation] has unveiled renminbi sovereign bonds. These offers include full fee waivers, as well as exchange rate and time deposit interest rate privileges, which are all designed to help customers maximize their wealth potential. In addition, the subscription hotlines of the BOCHK Group will extend service hours to facilitate customers for renminbi sovereign bonds subscription.

 

The subscription period will run from 9 am on November 21 to 2 pm on  December 5 2014 and customers who subscribe for the renminbi sovereign bonds through the BOCHK Group can get:

 

·         Full fee waivers, including the 0.15% subscription fee, custody fee, interest collection fee, transfer fee and brokerage fee for sell transactions. No redemption fee at maturity and   no handling fee for secondary market transactions

·         A flat interest rate of 3.10% p.a. for placing a three-month renminbi time deposit with new funds while subscribing for any bonds

·         Renminbi exchange rate premiums of up to 30bp

·         A lucky draw chance to win a “BOCHK 9999 Gold Medal” (special limited edition) for accumulated conversion of every 100,000 renminbi from HKD