The notes come in two different tranches: in US dollars, with a 5% interest rate; and Hong Kong dollars with a 4.55% interest rate. They will be offered until October 27 at the Hong Kong branches of BNP Paribas Private Bank and other local bank distributors. The minimum investment amount is $5,000 or HK$40,000 ($5,150).
“We strongly believe that the distribution of retail-based notes through local bank distributors is a new avenue to develop new clients in the various domestic capital markets in the region,” said Eric Nicolas, BNP Paribas' head of fixed income Asia Pacific (ex-Japan).
The week on Risk.net, July 7-13, 2018Receive this by email