list of bonds

Information as of 20 December 2021

List of Bonds

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Important Risk Warning

Bond is an investment product. The investment decision is yours but you should not invest in this product unless the intermediary who sells it to you has explained to you that the

product is suitable for you having regard to your financial situation, investment experience and investment objectives

Bonds are NOT equivalent to a time deposit

Issuer's Risk - The bonds are subject to both the actual and perceived measures of credit worthiness of the issuer. There is no assurance of protection against a default by the

issuer in respect of the repayment obligations. In the worst case scenario, you might not be able to recover the principal and any coupon if the issuer defaults on the bonds

Additional risks are disclosed in the section of “Risk Disclosure” below. Please refer to it for further details

At HSBC, we offer Bonds issued by well-known corporations around the world denominated in major currencies. Below is a list of bonds for your reference. This is not a

complete list of bonds available at HSBC and some of them are exclusive to Professional Investors. Investing in bonds is subject to eligibility and suitability assessment.

Please contact your dedicated HSBC Jade Director for the latest bonds available or any enquiries.

The information available on these pages does not constitute an offer or a solicitation of the sale or recommendation of the products.

Glossary

Tenor range: Tenor range is calculated based on the difference between the settlement date of the purchase transaction (assuming purchase on the last update date) and

maturity date of the bond.

Coupon frequency: Coupon frequency refers to how often coupon will be paid.

A = Annual / At maturity

S/A = Semi-annual

Q = Quarterly

M = Monthly

Credit rating (S&P / Moody’s): Credit ratings are provided by credit rating agencies to assess the financial strength of the bond issuer/ guarantor being able to meet its

financial obligations for investors. Bonds with credit rating of BB/ Ba or below are considered as “Non-investment grade bonds” / “High Yield bonds”.

Offer Yield to Maturity (YTM): The indicative annual rate of return on purchasing a bond on the last update date, assuming it is held until maturity.

Professional Investor (PI): Individual investor who satisfies the requirements of the Securities and Futures (Professional Investor) Rules (Cap 571D) (“PI Rules”).

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List of Bonds as of 20 December 2021CCY

貨幣

Tenor Range

年期

Industry

行業

Issuer

發行人發行人(中文)(if available) (如適用)

Guarantor

擔保人

Coupon

利率票面

Coupon Frequency

派息次數

Maturity date (DD-MM-YYYY)

到期日 (日-月-年)

Min. Denomination

最低投資金額

Indicative Offer Price

參考買入價

Indicative Offer YTM

參考到期孳息率

Credit Rating (S&P/Moody's)

信用評級 (標準普爾/穆迪)

PI only

只適用於專業投資者

AUD <1yr Computers APPLE INC 蘋果公司 -- 3.700% S/A 28-08-22 96,000 103.309 N/A AA+/Aa1 Yes

AUD <1yr Sovereign AUSTRALIAN GOVERNMENT 澳洲公債 -- 5.750% S/A 15-07-22 96,000 104.375 N/A -/Aaa No

AUD 1-3yrs Electric AUSGRID FINANCE PTY LTD 澳洲電網金融私營有限公司 Subsidiaries 3.750% S/A 30-10-24 96,000 106.020 1.39% -/Baa1 Yes

AUD 1-3yrs Sovereign AUSTRALIAN GOVERNMENT 澳洲公債 -- 5.500% S/A 21-04-23 96,000 107.839 N/A -/Aaa No

AUD 1-3yrs Transportation DEUTSCHE BAHN FIN GMBH 德國鐵路金融有限公司 Deutsche Bahn AG 3.500% S/A 27-09-24 96,000 106.110 1.24% AA-/Aa1 Yes

AUD 3-5yrs Auto Manufacturers VOLKSWAGEN FIN SERV AUST 福斯金融服務澳洲私人有限公司 Volkswagen Financial Services AG 2.000% S/A 08-04-26 96,000 100.035 1.99% BBB+/A3 Yes

AUD 3-5yrs Food COLES GROUP TREASURY Coles Group Treasury Pty Ltd Multiple Guarantors 2.200% S/A 06-11-26 96,000 100.442 2.10% BBB+/Baa1 Yes



AUD 5-10yrs Real Estate LENDLEASE FINANCE LTD 租借金融有限公司 Multiple Guarantors 3.400% S/A 27-10-27 96,000 102.165 2.98% -/Baa3 Yes

AUD 5-10yrs Real Estate LENDLEASE FINANCE LTD 租借金融有限公司 Multiple Guarantors 3.700% S/A 31-03-31 96,000 102.554 3.37% -/Baa3 Yes

AUD 5-10yrs Retail MCDONALD'S CORP 麥當勞公司 -- 3.800% S/A 08-03-29 96,000 108.657 2.44% BBB+/Baa1 Yes

AUD 5-10yrs Sovereign AUSTRALIAN GOVERNMENT 澳洲公債 -- 1.000% S/A 21-12-30 96,000 96.622 1.40% -/- No

CNY 1-3yrs Auto Manufacturers BMW FINANCE NV BMW金融公眾有限公司 Bayerische Motoren Werke AG 2.800% A 11-08-23 1,000,000 100.911 2.21% A/A2 Yes

CNY 1-3yrs Auto Manufacturers VOLKSWAGEN INTL FIN NV 福斯汽車國際金融公眾有限公司 Volkswagen AG 3.400% A 08-12-23 1,000,000 101.881 2.39% BBB+/A3 Yes

CNY 1-3yrsHolding Companies-Divers WHARF FINANCE BVI LTD 九龍倉金融(英屬維京群島)有限 Wharf Holdings Ltd/The 2.950% A 25-01-23 1,000,000 100.954 2.05% -/- Yes

CNY 1-3yrs Real Estate CIFI HOLDINGS GROUP 旭輝控股集團 Subsidiaries 5.850% S/A 19-08-23 1,000,000 99.085 6.43% BB-/- Yes

CNY 1-3yrs Real Estate HENDERSON LAND MTN LTD 恒基兆業地產有限公司Henderson Land Development Co Ltd 3.200% A 14-05-23 1,000,000 100.692 2.66% -/- Yes

CNY 1-3yrs Real Estate WHARF REIC FINANCE BVI 九龍倉置業地產投資金融(英屬Wharf Real Estate Investment Co Ltd 2.950% S/A 19-01-24 1,000,000 100.300 2.80% -/A2 Yes

CNY 5-10yrs Sovereign CHINA GOVERNMENT BOND 中國附息國債 -- 4.150% S/A 12-12-31 500,000 113.121 2.64% -/- Yes

HKD 1-3yrs Real Estate HENDERSON LAND MTN LTD 恒基兆業地產有限公司Henderson Land Development Co Ltd 1.000% Q 24-03-23 1,000,000 100.792 0.36% -/- Yes

HKD 1-3yrs Real Estate WHEELOCK MTN BVI LTD Wheelock MTN BVI Ltd Wheelock & Co Ltd 1.450% Q 09-02-24 1,000,000 101.138 0.91% -/- Yes

HKD 3-5yrs Real Estate HLP FINANCE LTD HLP Finance Ltd Hang Lung Properties Ltd 2.880% S/A 27-02-25 1,000,000 103.595 1.72% -/- Yes

HKD 3-5yrs Real Estate WHARF REIC FINANCE BVI 九龍倉置業地產投資金融(英屬Wharf Real Estate Investment Co Ltd 1.700% A 30-03-26 1,000,000 100.801 1.50% -/A2 Yes

HKD 5-10yrsHolding Companies-Divers SWIRE PACIFIC MTN FIN Swire Pacific Mtn Financing Swire Pacific Ltd 3.010% Q 28-05-29 1,000,000 106.229 2.12% -/A3 Yes

HKD 5-10yrs Real Estate NWD MTN LTD NWD(MTN)有限公司 New World Development Co Ltd 3.500% A 03-02-31 1,000,000 100.857 3.36% -/- Yes

NZD 1-3yrs Sovereign NEW ZEALAND GOVERNMENT 紐西蘭公債 -- 5.500% S/A 15-04-23 99,000 106.146 0.79% AAA/Aaa No

NZD 5-10yrs Sovereign NEW ZEALAND GOVERNMENT 紐西蘭公債 -- 4.500% S/A 15-04-27 99,000 112.764 1.96% AAA/Aaa No

SGD 1-3yrs Airlines SINGAPORE AIRLINES LTD 新加坡航空有限公司 -- 3.160% S/A 25-10-23 88,000 101.350 2.40% -/- Yes

SGD 1-3yrs Diversified Finan Serv FULLERTON IND CREDIT CO 印度富登信貸有限公司 -- 3.700% S/A 15-04-23 250,000 101.750 2.35% -/- Yes

SGD 1-3yrs Real Estate ASCENDAS PTE LTD Ascendas Pte Ltd -- 3.500% S/A 18-01-23 250,000 103.848 N/A -/- Yes


SGD 3-5yrs Sovereign SINGAPORE GOVERNMENT 新加坡公債 -- 2.125% S/A 01-06-26 88,000 105.000 0.97% -/NR Yes


SGD 5-10yrs Telecommunications STT GDC PTE LTD STT GDC私人有限公司 -- 3.130% S/A 28-07-28 250,000 102.450 2.72% -/- Yes

SGD 5-10yrs Transportation SINGPOST GRP TREASURY SingPost Group Treasury Pte Singapore Post Ltd 2.530% S/A 19-11-30 250,000 102.350 2.24% -/- Yes

SGD >10yrs REITS CMT MTN PTE LTD CMT MTN私人有限公司CapitaLand Integrated Commercial Trust 2.150% S/A 07-12-32 250,000 101.195 2.03% A-/A3 Yes

SGD >10yrs Sovereign SINGAPORE GOVERNMENT 新加坡公債 -- 2.375% S/A 01-07-39 88,000 109.500 1.74% -/- Yes

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貨幣

Tenor Range

年期

Industry

行業

Issuer


Guarantor

擔保人

Coupon

利率票面

Coupon Frequency

派息次數



Min. Denomination

最低投資金額


參考買入價





PI only


USD <1yr Diversified Finan Serv CITIC SECURITIES FIN MTN 中信證券財務MTN有限公司 CITIC Securities Co Ltd 2.750% S/A 24-10-22 200,000 102.272 0.04% BBB+/Baa1 Yes

USD <1yr Diversified Finan Serv STATE ELITE GLOBAL LTD 邦傑環球有限公司China Construction Bank Corp/Hong Kong 2.750% S/A 13-06-22 200,000 101.896 N/A A/A1 Yes

USD <1yrHolding Companies-Divers HUTCH WHAMPOA INT 12 II 和記黃埔國際12 II有限公司 Multiple Guarantors 3.250% S/A 08-11-22 200,000 103.293 N/A A/A2 Yes

USD <1yr Home Furnishings PANASONIC CORP 松下電器公司 -- 2.536% S/A 19-07-22 200,000 101.943 N/A A-/Baa1 No

USD <1yr Internet BAIDU INC 百度股份有限公司 -- 2.875% S/A 06-07-22 200,000 102.002 N/A -/A3 No

USD <1yr Internet EBAY INC 電子灣拍賣網站公司 -- 2.600% S/A 15-07-22 71,000 101.648 N/A BBB+/Baa1 No

USD <1yr Mining CMOC CAPITAL LTD CMOC Capital Ltd China Molybdenum Co Ltd 5.480% S/A 01-02-22 200,000 101.722 N/A -/- Yes

USD <1yr Oil&Gas BHARAT PETROLEUM CORP Bharat Petroleum Corp Ltd -- 4.375% S/A 24-01-22 200,000 101.320 N/A -/Baa3 Yes

USD <1yr Oil&Gas SINOPEC GRP OVERSEAS DEV 中石化海外發展2017有限公司 China Petrochemical Corp 3.000% S/A 12-04-22 200,000 101.646 N/A -/A1 Yes

USD <1yr Real Estate FUQING INVESTMENT MGMT 富慶投資管理有限公司 Pingan Real Estate Capital Ltd 4.000% S/A 12-06-22 200,000 101.375 1.07% -/- Yes

USD <1yr Real Estate WANDA PROPERTIES OVERSEA 萬達房地產海外有限公司 Multiple Guarantors 6.950% S/A 05-12-22 200,000 99.180 7.85% -/Ba3 Yes

USD <1yr Software MICROSOFT CORP 微軟 -- 2.125% S/A 15-11-22 71,000 102.578 N/A AAA/Aaa No

USD <1yr Telecommunications VODAFONE GROUP PLC 沃達豐集團公開有限公司 -- 2.500% S/A 26-09-22 71,000 102.312 N/A BBB/Baa2 No

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貨幣

Tenor Range

年期

Industry

行業

Issuer


Guarantor

擔保人

Coupon

利率票面

Coupon Frequency

派息次數



Min. Denomination

最低投資金額


參考買入價





PI only


USD 1-3yrs Auto Manufacturers HYUNDAI CAPITAL AMERICA 現代資本美國 -- 4.300% S/A 01-02-24 71,000 106.935 0.97% BBB+/Baa1 Yes

USD 1-3yrs Beverages COCA-COLA CO/THE 可口可樂 -- 3.200% S/A 01-11-23 71,000 #VALUE! #VALUE! -/WR No

USD 1-3yrs Beverages PEPSICO INC 百事可樂 -- 3.600% S/A 01-03-24 71,000 106.297 0.34% A+/A1 No

USD 1-3yrs Chemicals CNAC HK FINBRIDGE CO LTD 中國農化峰橋有限公司(香港) China National Chemical Corp Ltd 4.625% S/A 14-03-23 200,000 104.879 0.63% A-/- No

USD 1-3yrs Chemicals LG CHEM LTD LG化學有限公司 -- 3.250% S/A 15-10-24 200,000 106.617 0.86% BBB+/Baa1 No

USD 1-3yrs Commercial Services HPHT FINANCE 19 LTD HPHT金融19有限公司 Multiple Guarantors 2.875% S/A 05-11-24 200,000 104.828 1.16% A-/Baa1 Yes

USD 1-3yrs Computers APPLE INC 蘋果公司 -- 2.850% S/A 23-02-23 71,000 103.380 N/A AA+/Aa1 No

USD 1-3yrs Computers APPLE INC 蘋果公司 -- 2.400% S/A 03-05-23 71,000 103.479 N/A AA+/Aa1 No

USD 1-3yrs Computers IBM CORP 國際商業機器 -- 3.625% S/A 12-02-24 71,000 106.577 0.53% A-/A3 Yes

USD 1-3yrs Distribution/Wholesale LI & FUNG LTD 利豐 -- 4.375% S/A 04-10-24 200,000 103.750 2.92% BBB-/Baa3 No

USD 1-3yrs Diversified Finan Serv BOC AVIATION LTD 中銀航空租賃有限公司 -- 2.750% S/A 02-12-23 200,000 103.670 0.84% A-/- Yes

USD 1-3yrs Diversified Finan Serv BOC AVIATION LTD 中銀航空租賃有限公司 -- 4.000% S/A 25-01-24 200,000 106.001 0.98% A-/- Yes

USD 1-3yrs Diversified Finan Serv BOC AVIATION LTD 中銀航空租賃有限公司 -- 3.500% S/A 10-10-24 200,000 106.287 1.14% A-/- No

USD 1-3yrs Diversified Finan Serv BOC AVIATION USA CORP BOC Aviation USA Corp BOC Aviation Ltd 1.625% S/A 29-04-24 200,000 101.358 1.02% A-/- Yes

USD 1-3yrs Diversified Finan Serv BOCOM LEASING MGMT 交銀租賃管理香港有限公司 -- 4.375% S/A 22-01-24 200,000 106.861 1.04% A-/- Yes

USD 1-3yrs Diversified Finan Serv CHINA CINDA FINANCE 2017 中國信達金融(2017) I有限公司 China Cinda HK Holdings Co Ltd 4.000% S/A 21-02-24 200,000 105.344 1.48% A-/A3 Yes


USD 1-3yrs Diversified Finan Serv HAITONG INTL SECURITIES 海通國際 -- 2.125% S/A 02-07-23 200,000 101.630 1.05% BBB/Baa2 Yes

USD 1-3yrs Diversified Finan Serv HAITONG INTL SECURITIES 海通國際 -- 3.375% S/A 19-07-24 200,000 104.970 1.40% BBB/Baa2 Yes

USD 1-3yrs Diversified Finan Serv ICBCIL FINANCE CO LTD 工銀國際租賃財務有限公司 -- 3.750% S/A 05-03-24 200,000 105.849 1.06% A/A2 Yes

USD 1-3yrs Diversified Finan Serv JOY TRSR ASSETS HLD 歡樂寶資產控股公司China Orient Asset Management International Holding Ltd 3.875% S/A 20-03-24 200,000 105.146 1.53% BBB+/- Yes

USD 1-3yrs Electric STATE GRID OVERSEAS INV 國家電網海外投資(2014) State Grid Corp of China 4.125% S/A 07-05-24 200,000 108.058 0.70% A+/A1 Yes

USD 1-3yrs Electrical Compo&Equip JOHNSON ELECTRIC HOLDING 德昌電機控股 -- 4.125% S/A 30-07-24 200,000 105.923 1.79% BBB/Baa1 No

USD 1-3yrs Electronics COMPET TEAM TECH LTD 競賽隊伍科技有限公司 Hon Hai Precision Industry Co Ltd 3.750% S/A 12-03-24 200,000 106.517 0.79% A-/- Yes

USD 1-3yrs Food CHINA MENGNIU DAIRY 蒙牛乳業 -- 3.000% S/A 18-07-24 200,000 104.628 1.17% BBB+/- Yes

USD 1-3yrs Internet ALPHABET INC Alphabet公司 -- 3.375% S/A 25-02-24 71,000 106.464 0.39% AA+/Aa2 Yes

USD 1-3yrs Internet BAIDU INC 百度股份有限公司 -- 4.375% S/A 14-05-24 200,000 107.966 0.89% -/A3 No

USD 1-3yrs Internet TENCENT HOLDINGS LTD 騰訊控股 -- 3.280% S/A 11-04-24 200,000 105.530 0.76% A+/A1 Yes

USD 1-3yrs Internet WEIBO CORP 微博公司 -- 3.500% S/A 05-07-24 200,000 104.148 1.76% BBB/Baa2 No

USD 1-3yrs Leisure Time KING POWER CAPITAL LTD 皇權資本有限公司China Travel Service Holdings Hong Kong Ltd 5.625% S/A 03-11-24 200,000 112.083 1.31% A-/A3 Yes

USD 1-3yrs Lodging FORTUNE STAR BVI LTD 財星有限公司(英屬維京群島) Fosun International Ltd 6.850% S/A 02-07-24 200,000 103.809 5.22% BB/- Yes

USD 1-3yrs Oil&Gas CNOOC FINANCE 2015 US 中國海洋石油金融(2015)美國 CNOOC Ltd 3.750% S/A 02-05-23 200,000 104.562 0.39% A+/A1 Yes

USD 1-3yrs Oil&Gas SINOPEC GRP OVERSEA 2013 中國石油化工集團海外開發2013 China Petrochemical Corp 4.375% S/A 17-10-23 200,000 107.022 0.49% A+/A1 Yes

USD 1-3yrs Pharmaceuticals BAYER US FINANCE II LLC 拜耳美國金融II有限責任公司 Bayer AG 3.875% S/A 15-12-23 200,000 105.924 0.73% BBB/Baa2 No

USD 1-3yrs Pharmaceuticals HEALTH AND HAPPINESS H&H H&H國際控股 Subsidiaries 5.625% S/A 24-10-24 200,000 102.061 4.44% BB/Ba3 Yes

USD 1-3yrs Real Estate BEIJING CAPITAL POLARIS 北京首都創業北極星投資 Beijing Capital Group Co Ltd 2.800% S/A 18-03-23 200,000 101.875 1.27% -/- Yes

USD 1-3yrs Real Estate CHINA OVERSEA FIN KY III 中國海外金融(開曼)3有限公司China Overseas Land & Investment Ltd 5.375% S/A 29-10-23 200,000 107.474 1.28% BBB+/Baa1 Yes

USD 1-3yrs Real Estate CHINA RESOURCES LAND LTD 華潤置地 -- 3.750% S/A 26-08-24 200,000 105.792 1.53% BBB+/Baa1 Yes

USD 1-3yrs Real Estate CIFI HOLDINGS GROUP 旭輝控股集團 Subsidiaries 6.450% S/A 07-11-24 200,000 100.802 6.14% BB-/- Yes

USD 1-3yrs Real Estate EMPEROR INT HOLDINGS LTD 英皇國際 -- 4.500% S/A 03-09-23 200,000 101.250 3.73% -/- Yes

USD 1-3yrs Real Estate POLY REAL ESTATE 保利房地產金融有限公司 Hengli Hong Kong Real Estate Ltd 3.875% S/A 25-03-24 200,000 104.544 1.81% BBB-/Baa3 Yes

USD 1-3yrs Real Estate RKPF OVERSEAS 2019 A LTD RKPF海外2019(A)有限公司 Multiple Guarantors 6.700% S/A 30-09-24 200,000 99.073 7.07% BB-/Ba3 Yes

USD 1-3yrs Real Estate SHIMAO GROUP HLDGS LTD 世茂集團 Subsidiaries 6.125% S/A 21-02-24 200,000 59.298 34.21% -/- Yes

USD 1-3yrs Real Estate VANKE REAL ESTATE HK 萬科地產(香港)有限公司 -- 4.200% S/A 07-06-24 200,000 105.747 1.80% BBB/Baa2 Yes

USD 1-3yrs Real Estate WHARF REIC FINANCE BVI 九龍倉置業地產投資金融(英屬Wharf Real Estate Investment Co Ltd 2.500% S/A 16-09-24 200,000 103.542 1.18% -/A2 Yes

USD 1-3yrs REITS LINK FINANCE CAYMAN 2009 連結金融(開曼)2009有限公司 Multiple Guarantors 3.600% S/A 03-09-24 200,000 106.403 1.18% A/A2 Yes

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貨幣

Tenor Range

年期

Industry

行業

Issuer


Guarantor

擔保人

Coupon

利率票面

Coupon Frequency

派息次數



Min. Denomination

最低投資金額


參考買入價





PI only


USD 1-3yrs Software MICROSOFT CORP 微軟 -- 3.625% S/A 15-12-23 71,000 106.181 0.05% AAA/Aaa No

USD 1-3yrs Software ORACLE CORP 甲骨文公司 -- 2.625% S/A 15-02-23 71,000 102.882 N/A BBB+/Baa2 No

USD 1-3yrs Sovereign HONG KONG 香港政府綠色債券計劃 -- 2.500% S/A 28-05-24 200,000 105.054 0.41% AA+/- Yes

USD 1-3yrs Sovereign REPUBLIC OF PHILIPPINES 菲律賓政府國際債券 -- 4.200% S/A 21-01-24 200,000 108.125 0.28% BBB+/Baa2 No

USD 1-3yrs Sovereign US TREASURY N/B 美國國庫債券 -- 2.500% S/A 15-08-23 71,000 104.254 N/A -/Aaa No

USD 1-3yrs Sovereign US TREASURY N/B 美國國庫債券 -- 2.375% S/A 29-02-24 71,000 104.695 0.23% -/Aaa No

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貨幣

Tenor Range

年期

Industry

行業

Issuer


Guarantor

擔保人

Coupon

利率票面

Coupon Frequency

派息次數



Min. Denomination

最低投資金額


參考買入價





PI only


USD 3-5yrs Chemicals CNAC HK FINBRIDGE CO LTD 中國農化峰橋有限公司(香港) China National Chemical Corp Ltd 2.000% S/A 22-09-25 200,000 101.171 1.68% -/Baa2 Yes

USD 3-5yrs Commercial Services HPHT FINANCE 21 HPHT Finance 21 Ltd Multiple Guarantors 2.000% S/A 19-03-26 200,000 101.630 1.59% A-/Baa1 Yes

USD 3-5yrs Computers HP ENTERPRISE CO 慧與 -- 4.900% S/A 15-10-25 71,000 112.407 1.32% BBB/Baa2 No

USD 3-5yrs Computers LENOVO GROUP LTD 聯想集團 -- 5.875% S/A 24-04-25 200,000 112.397 2.02% -/- Yes



USD 3-5yrs Diversified Finan Serv CCBL CAYMAN 1 CORP 建信租賃(開曼)1有限公司CCB Leasing International Corp DAC 1.780% S/A 28-09-25 200,000 100.724 1.58% A/A2 No

USD 3-5yrs Diversified Finan Serv GUOTAI JUNAN INTL HLDGS 國泰君安國際控股有限公司 -- 2.000% S/A 03-03-26 200,000 100.592 1.85% BBB+/- No

USD 3-5yrs Diversified Finan Serv ICBCIL FINANCE CO LTD 工銀國際租賃財務有限公司 -- 1.750% S/A 25-08-25 200,000 100.228 1.69% A/A2 Yes

USD 3-5yrs Internet BAIDU INC 百度股份有限公司 -- 4.125% S/A 30-06-25 200,000 109.503 1.35% -/A3 No

USD 3-5yrs Internet MEITUAN 美團－Ｗ -- 2.125% S/A 28-10-25 200,000 97.907 2.70% BBB-/Baa3 No

USD 3-5yrs Internet TENCENT HOLDINGS LTD 騰訊控股 -- 1.810% S/A 26-01-26 200,000 101.416 1.45% A+/A1 No

USD 3-5yrs Leisure Time SUNNY EXPRESS 太陽快運企業公司China National Travel Service Group Corp Ltd 2.625% S/A 23-04-25 200,000 103.128 1.66% -/A3 No



USD 3-5yrs Oil&Gas SINOPEC GRP DEV 2018 中國石化集團海外發展2018 China Petrochemical Corp 2.150% S/A 13-05-25 200,000 103.152 1.18% A+/A1 No

USD 3-5yrs Real Estate AGILE GROUP HOLDINGS LTD 雅居樂集團 Subsidiaries 6.050% S/A 13-10-25 200,000 63.11 20.44% -/Ba3 Yes

USD 3-5yrs Real Estate CENTRAL PLAZA DEV LTD 中央廣場開發有限公司BCG Chinastar International Investment Ltd 4.650% S/A 19-01-26 200,000 95.000 6.05% -/- No




USD 3-5yrs Real Estate CIFI HOLDINGS GROUP 旭輝控股集團 Subsidiaries 4.450% S/A 17-08-26 200,000 95.669 5.51% BB-/Ba3 Yes

USD 3-5yrs Real Estate COUNTRY GARDEN HLDGS 碧桂園 Subsidiaries 5.400% S/A 27-05-25 200,000 98.25 5.97% -/- Yes

USD 3-5yrs Real Estate COUNTRY GARDEN HLDGS 碧桂園 Subsidiaries 3.125% S/A 22-10-25 200,000 91.5 5.62% -/Baa3 Yes

USD 3-5yrs Real Estate FUQING INVESTMENT MGMT 富慶投資管理有限公司 Pingan Real Estate Capital Ltd 3.250% S/A 23-06-25 200,000 96.582 4.31% -/Baa3 No

USD 3-5yrs Real Estate GREENTOWN CHINA HLDGS 綠城中國 Subsidiaries 5.650% S/A 13-07-25 200,000 100.308 5.55% -/Ba3 Yes

USD 3-5yrs Real Estate LOGAN GROUP CO LTD 龍光集團 Subsidiaries 4.850% S/A 14-12-26 200,000 92.735 6.59% BB-/- Yes



USD 3-5yrs Real Estate RKPF OVERSEAS 2020 A LTD RKPF Overseas 2020 A Ltd Multiple Guarantors 5.200% S/A 12-01-26 200,000 95.452 6.49% BB-/Ba3 Yes

USD 3-5yrs Real Estate SHIMAO GROUP HLDGS LTD 世茂集團 Subsidiaries 5.200% S/A 30-01-25 200,000 56.75 26.47% -/- Yes

USD 3-5yrs Real Estate SHIMAO GROUP HOLDINGS LT 世茂集團 -- 5.600% S/A 15-07-26 200,000 57.508 20.31% -/- Yes

USD 3-5yrs Real Estate SINO OCEAN LAND IV 遠洋地產寶財IV有限公司 Sino-Ocean Group Holding Ltd 3.250% S/A 05-05-26 200,000 94.5 4.65% -/Baa3 No

USD 3-5yrs Real Estate WHEELOCK MTN BVI LTD Wheelock MTN BVI Ltd Wheelock & Co Ltd 2.375% S/A 25-01-26 200,000 101.378 2.02% -/- Yes

USD 3-5yrs Sovereign REPUBLIC OF INDONESIA 印尼政府國際債券 -- 4.750% S/A 08-01-26 200,000 113.125 1.40% BBB/Baa2 Yes

USD 3-5yrs Transportation MTR CORP CI LTD 香港鐵路公司開曼群島有限公司 MTR Corp Ltd 2.500% S/A 02-11-26 200,000 105.854 1.25% AA+/Aa3 Yes

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擔保人

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Min. Denomination

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USD 5-10yrs Chemicals CNAC HK FINBRIDGE CO LTD 中國農化峰橋有限公司(香港) China National Chemical Corp Ltd 3.875% S/A 19-06-29 200,000 109.523 2.47% -/Baa2 No


USD 5-10yrs Diversified Finan Serv CDBL FUNDING 1 國銀金融租賃融資1CDB Aviation Lease Finance Designated Activity Co 3.500% S/A 24-10-27 200,000 106.227 2.35% -/A2 Yes


USD 5-10yrs Diversified Finan Serv JOY TRSR ASSETS HLD 歡樂寶資產控股公司China Orient Asset Management International Holding Ltd 4.500% S/A 20-03-29 200,000 109.91 2.97% BBB+/- Yes

USD 5-10yrs Electric CASTLE PEAK PWR FIN CO 青山發電金融有限公司 Castle Peak Power Co Ltd 2.200% S/A 22-06-30 200,000 101.729 1.98% AA-/A1 No

USD 5-10yrs Electric HONGKONG ELECTRIC FIN 香港電燈金融有限公司 Hongkong Electric Co Ltd/The 2.250% S/A 09-06-30 200,000 101.905 1.99% A-/- No

USD 5-10yrs Electric HONGKONG ELECTRIC FIN 香港電燈金融有限公司 Hongkong Electric Co Ltd/The 1.875% S/A 27-08-30 200,000 98.942 2.01% A-/- No

USD 5-10yrs Electric STATE GRID OVERSEAS INV 國家電網海外投資BVI有限公司 State Grid Corp of China 1.625% S/A 05-08-30 200,000 97.543 1.94% A+/- No

USD 5-10yrs Forest Products&Paper FIBRIA OVERSEAS FINANCE Fibria海外金融有限公司 Suzano SA 5.500% S/A 17-01-27 71,000 113.447 2.65% BBB-/- No

USD 5-10yrs Gas ENN ENERGY HOLDINGS LTD 新奧能源控股有限公司 -- 2.625% S/A 17-09-30 200,000 101.857 2.38% BBB/Baa1 No

USD 5-10yrsHolding Companies-Divers HUTCHISON WHAMPOA FIN Hutchison Whampoa Finance CI Multiple Guarantors 7.500% S/A 01-08-27 71,000 130.26 1.80% A/A2 Yes

USD 5-10yrsHolding Companies-Divers SWIRE PACIFIC MTN FIN Swire Pacific Mtn Financing Swire Pacific Ltd 2.875% S/A 30-01-30 200,000 106.246 2.01% -/A3 No

USD 5-10yrs Internet ALIBABA GROUP HOLDING 阿里巴巴 -- 2.125% S/A 09-02-31 200,000 99.283 2.21% A+/A1 No

USD 5-10yrs Internet EBAY INC 電子灣拍賣網站公司 -- 2.700% S/A 11-03-30 71,000 103.89 2.17% BBB+/Baa1 Yes

USD 5-10yrs Internet EXPEDIA GROUP INC 智遊網集團公司 Subsidiaries 3.800% S/A 15-02-28 71,000 107.979 2.34% BBB-/Baa3 No

USD 5-10yrs Internet JD.COM INC 京東集團 -- 3.375% S/A 14-01-30 200,000 106.75 2.42% BBB+/Baa1 Yes

USD 5-10yrs Internet MEITUAN 美團－Ｗ -- 3.050% S/A 28-10-30 200,000 95.298 3.68% BBB-/Baa3 No



USD 5-10yrs Leisure Time SUNNY EXPRESS 太陽快運企業公司China National Travel Service Group Corp Ltd 3.000% S/A 23-10-29 200,000 105.603 2.22% -/A3 Yes


USD 5-10yrs Oil&Gas PETROLEOS MEXICANOS 墨西哥石油公司 Subsidiaries 6.500% S/A 13-03-27 71,000 107.898 4.77% BBB/Ba3 Yes



USD 5-10yrs Oil&Gas SINOPEC GRP OVERSEAS DEV 中石化海外發展2017有限公司 China Petrochemical Corp 3.625% S/A 12-04-27 200,000 109.546 1.73% -/A1 Yes

USD 5-10yrs Oil&Gas SINOPEC GRP OVERSEAS DEV 中石化海外發展2017有限公司 China Petrochemical Corp 3.250% S/A 13-09-27 200,000 108.275 1.73% A+/A1 Yes

USD 5-10yrs Pharmaceuticals CVS HEALTH CORP CVS Health Corp -- 4.300% S/A 25-03-28 71,000 113.736 1.87% BBB/Baa2 No

USD 5-10yrs Real Estate CHINA RESOURCES LAND LTD 華潤置地 -- 4.125% S/A 26-02-29 200,000 110.597 2.50% BBB+/Baa1 Yes

USD 5-10yrs Real Estate CIFI HOLDINGS GROUP 旭輝控股集團 Subsidiaries 4.375% S/A 12-04-27 200,000 94.507 5.58% BB-/Ba3 Yes

USD 5-10yrs Real Estate CN OVERSEAS FIN KY VIII 中國海外金融開曼VIII有限公司China Overseas Land & Investment Ltd 3.050% S/A 27-11-29 200,000 103.017 2.63% -/Baa1 Yes

USD 5-10yrs Real Estate COUNTRY GARDEN HLDGS 碧桂園 Subsidiaries 3.300% S/A 12-01-31 200,000 88.5 4.89% -/Baa3 Yes

USD 5-10yrs Real Estate HONGKONG LAND FINANCE 香港置地金融開曼群島有限公司 Hongkong Land Co Ltd/The 2.875% S/A 27-05-30 200,000 106.368 2.03% A/A2 Yes

USD 5-10yrs Real Estate HYSAN MTN LTD 希慎MTN有限公司 Hysan Development Co Ltd 2.875% S/A 02-06-27 200,000 105.894 1.69% -/A3 Yes

USD 5-10yrs Real Estate LOGAN GROUP CO LTD 龍光集團 Subsidiaries 4.500% S/A 13-01-28 200,000 91 6.31% -/- Yes

USD 5-10yrs Real Estate NAN FUNG TREASURY LTD 南豐財務有限公司Nan Fung International Holding Ltd 3.625% S/A 27-08-30 200,000 102.933 3.23% BBB-/Baa3 Yes

USD 5-10yrs Real Estate NWD MTN LTD NWD(MTN)有限公司 New World Development Co Ltd 4.500% S/A 19-05-30 200,000 105.325 3.76% -/- Yes

USD 5-10yrs Real Estate NWD MTN LTD NWD(MTN)有限公司 New World Development Co Ltd 4.125% S/A 18-07-29 200,000 103.927 3.53% -/- Yes

USD 5-10yrs Real Estate SINO OCEAN LAND IV 遠洋地產寶財IV有限公司 Sino-Ocean Group Holding Ltd 4.750% S/A 14-01-30 200,000 93.5 5.77% -/Baa3 Yes

USD 5-10yrs Retail CK HUTCHISON INTL 20 LTD CK Hutchison International 2 CK Hutchison Holdings Ltd 2.500% S/A 08-05-30 200,000 103.855 1.98% A/A2 No

USD 5-10yrs Retail JMH CO LTD JMH Co Ltd Jardine Matheson Holdings Ltd 2.500% S/A 09-04-31 200,000 103.4 2.09% A+/A1 No

USD 5-10yrs Semiconductors BROADCOM INC 博通公司 Subsidiaries 5.000% S/A 15-04-30 71,000 117.437 2.59% BBB-/Baa3 Yes

USD 5-10yrs Software CELESTIAL DYNASTY LTD DigiEx(香港)有限公司 NWS Holdings Ltd 4.250% S/A 27-06-29 200,000 104.062 3.63% -/- Yes

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Industry

行業

Issuer


Guarantor

擔保人

Coupon

利率票面

Coupon Frequency

派息次數



Min. Denomination

最低投資金額


參考買入價





PI only


USD 5-10yrs Sovereign AIRPORT AUTHORITY HK 香港機埸管理局 -- 3.450% S/A 21-02-29 200,000 112.642 1.58% AA+/- Yes

USD 5-10yrs Sovereign AIRPORT AUTHORITY HK 香港機埸管理局 -- 1.625% S/A 04-02-31 200,000 98.659 1.78% AA+/- Yes

USD 5-10yrs Sovereign SAUDI INTERNATIONAL BOND Saudi Government Internation -- 4.375% S/A 16-04-29 200,000 116.226 1.98% -/A1 Yes




USD 5-10yrs Telecommunications HKT CAPITAL NO 5 LTD 香港電訊資本5號有限公司 Multiple Guarantors 3.250% S/A 30-09-29 200,000 107.901 2.14% BBB/Baa2 Yes

USD 5-10yrs Telecommunications VERIZON COMMUNICATIONS 威瑞森電信公司 -- 3.875% S/A 08-02-29 71,000 112.62 1.91% BBB+/Baa1 Yes

USD 5-10yrs Telecommunications VODAFONE GROUP PLC 沃達豐集團公開有限公司 -- 4.375% S/A 30-05-28 71,000 114.602 1.95% BBB/Baa2 Yes

USD 5-10yrs Telecommunications XIAOMI BEST TIME INTL Xiaomi Best Time Internation Xiaomi Corp 3.375% S/A 29-04-30 200,000 104.446 2.76% BBB-/Baa2 Yes

USD 5-10yrs Transportation MTR CORP LTD 港鐵公司 -- 1.625% S/A 19-08-30 200,000 99.714 1.66% AA+/Aa3 Yes

USD 5-10yrs Transportation SF HOLDING INVESTMENT SF控股有限公司 SF Holding Co Ltd 2.875% S/A 20-02-30 200,000 102.164 2.58% A-/A3 Yes

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Tenor Range

年期

Industry

行業

Issuer


Guarantor

擔保人

Coupon

利率票面

Coupon Frequency

派息次數



Min. Denomination

最低投資金額


參考買入價





PI only


USD >10yrs Beverages PEPSICO INC 百事可樂 -- 2.875% S/A 15-10-49 71,000 107.238 2.51% A+/A1 Yes

USD >10yrs Oil&Gas CNOOC FINANCE 2013 LTD 中海油財務(2013)有限公司 CNOOC Ltd 4.250% S/A 09-05-43 200,000 112.49 3.42% A+/A1 Yes

USD >10yrs Oil&Gas SINOPEC GRP DEV 2018 中國石化集團海外發展2018 China Petrochemical Corp 3.100% S/A 08-01-51 200,000 101.891 3.00% A+/A1 Yes

USD >10yrs Oil&Gas SINOPEC GRP OVERSEA 2015 中石化海外發展2015有限公司 China Petrochemical Corp 4.100% S/A 28-04-45 200,000 118.379 3.00% A+/A1 Yes

USD >10yrs Semiconductors QUALCOMM INC 高通公司 -- 4.650% S/A 20-05-35 71,000 127.179 2.22% A/A2 No

USD >10yrs Sovereign REPUBLIC OF PHILIPPINES 菲律賓政府國際債券 -- 3.950% S/A 20-01-40 200,000 113.886 2.95% BBB+/Baa2 Yes

USD >10yrs Sovereign SAUDI INTERNATIONAL BOND Saudi Government Internation -- 4.500% S/A 26-10-46 200,000 119.947 3.32% -/A1 No

USD >10yrs Sovereign US TREASURY N/B 美國國庫債券 -- 4.500% S/A 15-02-36 71,000 141.4688 1.29% -/Aaa No




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Bonds are mainly medium to long term fixed income products, not for short term speculation. You should be prepared to hold your funds in

bonds for the full tenor; you could lose part or all of your principal if you choose to sell bonds prior to maturity

It is the issuer to pay interest and repay principal of bonds. If the issuer defaults, the holder of bonds may not be able to receive back the

interest and principal. The holder of bonds bears the credit risk of the issuer and has no recourse to HSBC unless HSBC is the issuer itself

Indicative price of bonds are available and bonds price do fluctuate when market changes. Factors affecting market price of bonds include,

and are not limited to, fluctuations in Interest Rates, Credit Spreads, and Liquidity Premiums. The fluctuation in yield generally has a

greater effect on prices of longer tenor bonds. There is an inherent risk that losses may be incurred rather than profit made as a result of

buying and selling bonds

If you wish to sell Bonds, HSBC may repurchase it based on the prevailing market price under normal market circumstances, but the

selling price may differ from the original buying price due to changes in market conditions

There may be exchange rate risks if you choose to convert payments made on bonds to your home currency

The secondary market for bonds may not provide significant liquidity or may trade at prices based on the prevailing market conditions and

may not be in line with the expectations of holders of bonds

If bonds are early redeemed, you may not be able to enjoy the same rates of return when you use the funds to purchase other products

Risk Disclosure

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There may be exchange rate risks if you choose to convert RMB payments made on the bonds to your home currency

RMB debt instruments are subject to interest rate fluctuations, which may adversely affect the return and performance of the RMB products

RMB products may suffer significant losses in liquidating the underlying investments if such investments do not have an active secondary market and their prices have

large bid/ offer spreads

You could lose part or all of your principal if you choose to sell your RMB bonds prior to maturity

For High Yield bonds In general, the bonds are either unrated or non-investment graded. The bonds may have a higher yield than investment graded bonds, however, they present greater

risks with respect to liquidity, volatility, vulnerability to economic cycles and non-payment of principal and coupon. They incur a greater degree of credit risk relative to

other fixed income securities

The bonds are subject to greater default risk of the Issuer and the Credit support provider than other investment graded bonds due to higher credit risk of the Issuer

and the Credit support provider and lower priority of claim by the bondholders. Various factors may affect the ability of the Issuer and the Credit support provider to

perform its obligations, including but not limited to poor management, changes in management, failure to anticipate shifts in the Issuer’s market, rising costs of raw

materials, regulations and new competition. Events that adversely affect a whole industry can have a blanket effect on the bonds of its members

Bonds which are cross-border issues which have no recovery history for offshore bondholders claiming right domestically. Therefore, in case of default, the time

required for claim on corporate assets in a liquidation distribution may be longer than investment graded bonds due to lower priority of claim and the domestic

restrictions on the bondholders’ right to claim

The market value of the bonds are more sensitive to factors such as variations in the Issuer’s financial conditions, the Issuer’s developments involving its business and

changes thereof applicable to the Issuer’s industry. The bonds are subject to vulnerability to economic cycles, in particular, the bonds are more vulnerable to the

general economic condition than investment graded bonds. During an economic downturn, the bonds will typically lose more principal value and thus subject to

greater price volatility than investment graded bonds as a result of an increase in default risk and as investors become more risk adverse

If the bonds are rated, the relevant credit rating agencies may downgrade the relevant rating of the bonds at any time. In some cases, the market anticipates

downgrades by bidding down prices prior to the actual rating agency announcement. Before such downgrade of rating, the relevant credit rating agencies may place

the bonds on a “creditwatch” status, which may adversely affect the market price of the bonds

Liquidity refers to the investor’s ability to sell a bond quickly and at an efficient price, as reflected in the bid-ask spread. A difference may exist between the price

buyers are bidding and the prices sellers are asking. For largely and actively traded bond, the gap is often smaller, producing greater liquidity. The bonds may be less

liquid than investment graded bonds, depending on the Issuer and the market conditions at any given time

Please be aware the concentration risk of investing in bonds issued by the same issuer or companies by the same group. A degrading of any of the group company's

credit rating may expose the whole group to contagion risk. Please be also aware the risk of over concentrating investment in the high risk investment products

Please refer to the "High Yield Bond Fact Sheet" for further details of the features and risks of High Yield bonds.

For Renminbi (RMB) products

https://www.hsbc.com.hk/content/dam/hsbc/hk/docs/jade/high-yield-bond-fact-sheet.pdf

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The Hongkong and Shanghai Banking Corporation Limited (“HSBC”) has issued this document. The information in this document does not

constitute an offer or a solicitation of the sale or recommendation of the products. Any opinions expressed therein are given in good faith,

but are subject to change without notice. No liability is accepted whatsoever for any direct or consequential loss arising from the use of

this document. Please note that the rates or prices are for indicative purposes only and may vary in accordance with changes in market

condition. HSBC and its affiliates and/or officers, directors and employees may have positions in any instruments or currencies mentioned

in this document and may from time to time add to or dispose of such instruments or currencies. User of the information is advised to

make independent judgment with respect to any matter contained herein

The contents of this document have not been reviewed by the Securities and Futures Commission of Hong Kong or any other regulatory

authority in Hong Kong. If you are in any doubt about any of the contents of this document, you should obtain independent professional

advice

Disclaimer

list of bonds

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