Three securities brokers will provide special offers for the upcoming inflation-linked retail bonds, known as iBonds.
Bright Smart Securities & Commodities (1428) will charge no commission for new customers subscribing for iBonds and give them 10 shares of HSBC (0005) and 20 units of Tracker Fund of Hong Kong (2800).
Chief Securities will exempt eight kinds of fees including deposit fees, margin interest fees, handling fees for subscription, and redemption fees.
Cash Financial Services (0510) will exempt five kinds of fees, such as handling fees for subscriptions and custodian fees.
Despite weak inflation and low interest rate environment amid the pandemic, Hong Kong is to launch HK$10 billion worth of the inflation-linked retail bonds, on September 29, and the government has not ruled out the possibility of adjusting the fixed minimum interest rate, local media reported.
The upcoming batch of the iBond is expected to carry a tenure of three years and pay interest to bondholders once every half-year, with a minimum denomination of HK$10,000 per lot.