Home / Business / Business Highlights Tools: Save | Print | E-mail | Most Read | Comment
Bank of East Asia issues RMB bonds in HK
Adjust font size:

Bank of East Asia (China) Limited (BEA China) will issue no less than 1 billion yuan (US$146.41 million) worth of retail bonds in Hong Kong. The bonds will bear an annual interest rate of 2.80 percent, the Hong Kong-based bank announces on June 29.

The Bonds are open for personal and institution investment from today until July 17, and will be due on July 23, 2011. Interest is payable at the end of every six months on January 23 and July 23 in each year, starting on January 23, 2010.

Bonds come in intervals of 10,000 yuan each (US$1464.13). Like all bonds, BEA China's bonds assume cash risk and credit risk. Additionally, the bonds are non-callable and non-convertible.

In May, HSBC China and BEA China were approved by the central bank to issue RMB bonds in Hong Kong, a 3 billion yuan (US$439.24 million) upper limit was enacted.

Earlier on June 25, HSBC China issued its first term bonds, worth 1 billion yuan (US$1464.13). The HSBC bonds have an adjustable interest rate, 38 base points upper than the three-month Shibor benchmark, and are only oriented to institutions; this is different from the fixed rate bonds issued by BEA China.

For more information, please consult the original coverage in Chinese at:


(China.org.cn by Maverick Chen, June 30, 2009)

Tools: Save | Print | E-mail | Most Read Bookmark and Share
Pet Name
China Archives
Related >>
- BEA eyes stake in small Chinese banks
- BEA business back to normal
- Golden Girls star Bea Arthur dies at 86
June 7 Tokyo 2nd China-Japan High-Level Economic Dialogu

June 30 Shanghai 2009 Automotive Engine Technology Seminar

July 3-4 Beijing Global Think Tank Summit
- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?