The BOCHK Group launches iBond subscription offers and extends service hours of subscription hotlines

18 Jul 2014

The BOCHK Group (comprising Bank of China (Hong Kong) ("BOCHK"), Nanyang Commercial Bank ("NCB") and Chiyu Banking Corporation ("Chiyu")) announced the offering of Inflation-Linked Retail Bond ("iBond") subscription service and a host of fee waiversNote from 23 July 2014 following the launch of iBond by the Hong Kong Special Administrative Region ("HKSAR") Government. The promotional offers include waivers of 0.15% subscription fee, custody fee, interest collection fee, transfer fee and brokerage fee for sell transactions. No handling fee for secondary market transactions and redemption fee at maturity will be charged. The offers are designed to help customers reduce bond subscription costs. In addition, from 23 to 31 July 2014, subscription hotlines of the BOCHK Group will extend service hours to facilitate subscription by customers.

During the subscription period, customers can subscribe for iBond at the designated service counters of over 260 branches of BOCHK, NCB and Chiyu or through the 24-hour Internet Banking Services (BOCHK: www.bochk.com, NCB: www.ncb.com.hk and Chiyu: www.chiyubank.com). Alternatively, subscription can be made through the Subscription Hotlines (BOCHK: (852) 3988 2688, Wealth Management: (852) 3988 2888, Enrich Banking: (852) 3988 2988, NCB: (852) 2850 1228 and Chiyu: (852) 2232 3887). Service hours of the above hotlines will be extended during the period of 23 - 31 July 2014, i.e. from 8 am to 8 pm from Monday to Friday (subscription is accepted from 9 am on 23 July) and from 8 am to 3 pm on Saturday.

To subscribe for the iBond through BOCHK, NCB or Chiyu, customers must hold an investment account and a HKD savings or current account as the settlement account with the respective banks. The bond subscription refund and the interest collected in respect of the iBond will be credited to customer"s settlement account.

The iBond issued by the HKSAR Government has a tenor of three years. The principal amount of the iBond is HK$10,000 or an integral multiple thereof. The bond will be issued on 11 August 2014 and listed on the Hong Kong Exchanges and Clearing Limited on 12 August 2014 with maturity on 11 August 2017. The interest of the bond will be paid once every six months and determined based on the higher of the fixed rate of 1% p.a. or the floating rate, being the arithmetic average of the year-on-year rates of change in the Composite Consumer Price Index for the six most recent preceding months. iBond subscription is limited to holders of valid HKID card only. For details of interest payment dates and retail bond investment risks, please refer to the related offering documents and promotional leaflets. 

For enquiry of the bond subscription service and offers, please call the related Customer Service Hotlines (BOCHK: (852) 3669 3668, NCB: (852) 2622 2633 and Chiyu: (852) 2232 3633) or visit any of the BOCHK Group's branches.

Note: Offers are subject to relevant terms and conditions. Please refer to the promotional materials and securities charge schedules of the respective banks for details.

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About Bank of China (Hong Kong) Limited

Bank of China (Hong Kong) Limited ("BOCHK"), established on 1 October 2001, is a leading listed commercial banking group in Hong Kong. With over 260 branches, more than 600 ATMs and other distribution channels in Hong Kong, BOCHK and its subsidiaries offer a comprehensive range of financial products and services to personal and corporate customers. BOCHK is one of the three note issuing banks in Hong Kong. In addition, the BOCHK Group (comprising BOCHK, Nanyang Commercial Bank and Chiyu Banking Corporation) and its subsidiaries have 42 branches and sub-branches in the Mainland of China to provide cross-border banking services to customers in Hong Kong and the Mainland. BOCHK is appointed by the People's Bank of China as the Clearing Bank for Renminbi business in Hong Kong. On 13 July 2010, BOCHK was authorised as the Clearing Bank of RMB banknotes business for the Taiwan region.

BOC Hong Kong (Holdings) Limited, BOCHK's holding company, began trading on the main board of the Stock Exchange of Hong Kong on 25 July 2002, with stock code "2388", ADR OTC Symbol "BHKLY".



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