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Asia's BOCHK Group Launches Bond Subscription Offers

The banking group has launched a number of sweeteners accompanying bond subscription offers, as well as extended business hours.
The BOCHK Group, which is made up of a number of banking entities, is rolling out a series of incentives for purchasers of renmbinbi-denominated sovereign bonds, time deposits and exchange rates.
Alongside these moves, BOCHK Group is extending service hours so clients can subscribe to renminbi bonds. From 9am on 27 November to 2pm on 14 December, clients who successfully bid for the debt via the banking group will obtain full fee waivers, including the 0.15 per cent subscription fee, custody fee, interest collection fee, and other charges, the firm said.
The BOCHK Group comprises Bank of China (Hong Kong), Nanyang Commercial Bank and Chiyu Banking Corporation.
BOCHK is one of the three note issuing banks and the clearing bank for renminbi business in Hong Kong.