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Bonds / Certificates of Deposit (CDs)

Enjoy stable interest income through investing in bonds and certificates of deposit (CDs)

Important risk warning 

Enjoy stable and predictable investment income

It's important to have some cash savings for emergencies. But adding bonds and certificates of deposit (CDs) to your portfolio can give you a better return than if you left all your cash in a savings account. Here's what we have to offer:

  • Bonds, issued by governments including China, the US and Hong Kong, local quasi-government bodies, supranationals and well-known corporations around the world.
  • CDs, issued by different high credit quality financial institutions like banks.
  • Initial Public Offerings (IPOs) for various bonds and CDs.

Key features

A reliable income stream

Get a steady and predictable income stream through interest from bonds and CDs throughout their lives—see an example 

Earn potential capital gains

You could potentially make gains from your capital investment when you buy and sell bonds / CDs 

Protected principal at maturity

Your principal is protected at maturity so long as the issuer of the bond / CD does not default 

A range of tenors / terms

Choose from tenors or terms spanning from 3 months to 30 years, depending on your needs and financial goals 

Bonds and Certificates of Deposit Offer

From now until 31 December 2023, new bonds / certificates of deposit (CDs) customers[@bonds-offer-newcustomer] can enjoy:

  • a HKD1,250 cash rebate for every bond subscription (excluding retail bonds[@bonds-offer-retailexclusion] of IPOs) of HKD500,000 or its equivalent in other currencies. Jade customers can get an extra HKD1,000 cash rebate for transferring in additional bonds (excluding CDs and retail bonds[@bonds-offer-retailexclusion])
  • a HKD160 cash rebate for every CD subscription of HKD200,000 or its equivalent in other currencies

There is no cap to the cash rebate you can earn during this promotion. T&Cs apply (PDF).

Looking for ideas?

Not sure where to start or what new opportunities to consider? Here are a few ideas to get you going.

Highest return bonds suggested

Bonds / CDs with the highest return in terms of yield to maturity (YTM) under each category

Top price performers

Bonds / CDs with the most significant price increase over the last 30 days under each category.

Green, Social, Sustainable and Sustainability-linked (GSSS) bonds

Bonds / CDs that are defined as Green, Social, Sustainable and Sustainability-Linked in offering documents and are in line with International Capital Market Association (ICMA) guidelines. The list will be subject to regular review

Bond / CD IPOs

Bond IPOs are issued by corporations or local government bodies, while CD IPOs are issued by banks from time to time

How to invest in bonds / CDs with HSBC

Investing in bonds and CDs with HSBC is simple. Our easy-to-use digital platform is accessible via online banking or HSBC HK mobile banking app, and offers you comprehensive tools to make sound investment decisions anytime, anywhere.

If you're a professional investor, you can make use of our dedicated bond services to access various markets—from primary to secondary.

Fees and charges

Service charges for bonds / CDs
Service charges Handling fees
Safe custody Waived
Interest collection
 Waived
Redemption at maturity Waived
Transfers into HSBC[@outofpocketcost] Waived
Transfers out of HSBC[@outofpocketcost] Through Central Money Market Unit (CMU): HKD500 per note/bond per transfer.

Through Euroclear, or other overseas clearing houses or banks: HKD1,000 per note/bond per transfer
Service charges for bonds / CDs
Service charges Safe custody
Handling fees
 Waived
Service charges Interest collection
Handling fees
 Waived
Service charges Redemption at maturity
Handling fees
 Waived
Service charges Transfers into HSBC[@outofpocketcost]
Handling fees
 Waived
Service charges Transfers out of HSBC[@outofpocketcost]
Handling fees
 Through Central Money Market Unit (CMU): HKD500 per note/bond per transfer.

Through Euroclear, or other overseas clearing houses or banks: HKD1,000 per note/bond per transfer

How to buy bonds / CDs

HSBC investment account holders

Log on to HSBC Online Banking now to browse, trade and manage bonds / CDs.

Don't have an HSBC investment account?

You can open an investment account on the HSBC HK Mobile Banking app and start trading with us in minutes.

HSBC Jade customers 

Find out more

How do I buy bonds / CDs through HSBC? 

Do I need a lot of money in order to buy bonds / CDs? 

How do I buy bonds / CDs online? 

How does 'Watchlist' work?  

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Bond Screener

 
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You can use our guided search or advanced search to look for bonds / CDs with more specific criteria

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Notes

    Disclaimer 

    This information is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. HSBC has based this list on information obtained from sources it believes to be reliable but which it has not independently verified. HSBC makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. The information is subject to change without notice.

    The performance information presented is not indicative of future performance.

     

    Risk disclosure – Bonds / CDs

    • Bonds / CDs are mainly medium to long-term fixed income products, not for short-term speculation. You should be prepared to hold your bonds / CDs for the full tenor; you could lose part or all of your principal if you choose to sell the bond / CD prior to maturity.
    • It is the issuer who pays interest and repays principal of bonds / CDs. If the issuer of your bond / CD defaults, you might not be able to receive back the interest and principal. You bear the credit risk of the issuer and have no recourse to HSBC unless HSBC is the issuer itself.
    • Indicative prices of bonds / CDs are available, but prices will fluctuate with market changes. Factors affecting market price of bonds / CD 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 / CDs. There is an inherent risk that losses may be incurred rather than profit made as a result of buying and selling bonds / CDs.
    • If you wish to sell bonds / CDs, 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 / CDs to your home currency.
    • The secondary market for bonds / CDs 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 / CDs.
    • If the bonds / CDs are redeemed early, you might not receive the same rates of return when you use the funds to purchase other products.

     

    Risk disclosure – Renminbi ('RMB') related products

    • 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.

     

    Important note

    Effective as of 10 December 2018, the settlement day of the Singapore securities markets is 2 business days after trade execution day (T+2). For buy orders, the debit of the purchase amount from your account and deposit of the purchased securities will take 2 business days after trade execution day. For sell orders, sales proceeds will be credited to your account 2 business days after sale execution day.

    Note: The actual settlement date is subject to market arrangement which may be beyond the stated date due to different lead time required or suspension of business or trading.

     

    Financial regulations

    The Central Securities Depositories Regulation No 909/2014 (CSDR) is a European Union regulation that aims to improve the safety and efficiency of securities settlement and settlement infrastructures within the European Economic Area (EEA).

    CSDR is a phased regulation and most of its provisions have already been implemented since it was first introduced in 2014.

    As a direct participant in European Economic Area (EEA) Central Securities Depositories (CSD), we are required, under the European Union (EU) Central Securities Depositories Regulations (CSDR), to (i) offer our customers whose securities are held through the EEA CSD the choice between an Omnibus Client Segregated Account (OSA) and an Individual Client Segregated Account (ISA), and (ii) publicly disclose the level of protection and the costs associated with the different levels of segregation that the accounts provide. Please refer to the CDSR notice (PDF) and the ISA fee table (PDF) for relevant details. You can also see our frequently asked questions about financial regulations.

    The second phase of CSDR defines a Settlement Discipline Regime (SDR) which came into effect on 1 February 2022. Its main objective is to incentivise timely settlements by introducing a set of measures to prevent, monitor and address settlement fails. This may include the following:

    • Process and system enhancements across the EEA CSDs and market participants
    • The introduction of cash penalties against parties causing settlement fails
    • The introduction of mandatory buy-ins, whereby buying parties whose instruments have not been delivered for a set number of days are to be restored to the economic position as if the transaction had settled on time

     

    To understand the potential implications of CSDR SDR for HSBC and our customers, you can read more about the measures to prevent and monitor settlement fails (PDF) or visit our frequently asked questions about financial regulations.