2023-09-25 07:20:11
The new green bond went on sale yesterday. As the guaranteed interest rate is as high as 4.75%, which is higher than most time deposits, and the subscription threshold is low, it attracted many people to subscribe. Banks said that the subscription response was better than last year.
BOCHK has an average of 10 lots per capita:Liang Meiyi, assistant general manager of the personal digital financial products department and head of the fund and bond business department of Bank of China Hong Kong, said that the response to subscriptions on the first day was satisfactory. The average person in the bank applied for 10 lots, which was more than 7 lots in previous years. Many time deposit interest rates have gradually increased recently. Therefore, subscribing for green bonds to lock in a guaranteed return of 4.75% in three years is attractive to retail investors.
HSBC responded better than last year:An HSBC spokesperson said: With a guaranteed interest rate of 4.75%, the new batch of green retail bonds received an overwhelming response from subscriptions on the first day of sale, and the average customer subscription amount was higher than the level on the first day of green bond sales last year.
Hang Seng’s reaction is record-breaking:Lian Jindong, head of the investment and wealth management department of Hang Seng Bank, said that the response from Hang Seng customers to subscribe for green bonds was very enthusiastic. The total number of subscribers and the subscription amount on the first day exceeded the record for the first batch of green bonds. Among them, the proportion of customers who subscribed through various digital channels also rise significantly.
Standard Chartered’s average subscription increased by 30%:The subscription response from Standard Chartered Hong Kong customers was satisfactory. The average number of subscriptions on the first day increased by nearly 30% compared with last year, and more than 70% of customers submitted applications through online channels.
The maximum subscription of CMB Wing Lung is 50 lots:The average subscription amount per customer on the first day of subscription for the new batch of green retail bonds exceeded HK$100,000, with the maximum subscription amount being HK$500,000. The number of customers who subscribe through electronic channels (mobile banking/online banking) is 80%.
CNCBI subscribed an average of 12 lots:The number of subscribers received on the first day was similar to last year, and the total subscription amount increased. On the second day, a subscription amount of 1 million yuan was recorded. The average subscription amount was 120,000 yuan, which was nearly 30% higher than the previous batch of green retail bonds. It is believed that this batch of green retail bonds will also be oversubscribed.
Why would someone subscribe for 100 lots?Referring to last year’s green bond distribution results, one person might only get up to 5 lots (50,000 yuan). This time’s green bond guaranteed interest rate is higher and the response is more enthusiastic. The market generally estimates that the average person will win 3 to 5 lots. The reason why someone will spend 1 million yuan The subscription is probably for future refund discounts, because in order to retain funds, banks usually offer refund discounts following the retail bond subscription period expires. Most of the refund offers are high-interest time deposits, and the annual interest rate may be higher than the current level. Assume that the investor only draws 5 lots of green bonds, and 950,000 yuan becomes a refund. There are many high-interest fixed deposits to choose from, and the interest earned can always be higher than that of green bonds.
Details can be found at:500,000 yuan time deposit｜Earn interest of $23,000 in one year, earn $12,250 in half a year, and get 6,250 in three months
A complete guide to green bonds:
Making a 10% fixed deposit first and then buying a green bond is equivalent to earning one more year of interest.
[Green Bond 2023]7 exemptions for HSBC and 8 exemptions for Hang Seng subscriptions starting from 9.18, brokers are more aggressive with more than 10 exemptions (new bank lottery integration)
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