Bond Investment Services

Sovereign Bonds

Last update date: 18/05/2026

Important Reminders/Disclaimers:

The list of bonds is non-exhaustive and for reference only.  It does not constitute any offer, recommendation, invitation, solicitation or advice for the purchase or sale of any bond.  You should NOT invest in this product based on this document alone, you should refer to the product's offering documentation for further details. For more information on sovereign bonds and underlying assets, please contact our relationship manager.

The Bank has based on information obtained from sources it believes to be reliable but which it has not independently verified. The Bank makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. The information on the list is updated as of the date specified above, and is subject to change without notice at our discretion.

Risk Disclosures:

Investing in the Bonds involves significant risks. The following risk disclosure statements are not exhaustive. You should take your own independent review and seek independent professional advice from your tax, legal, accounting and/or other advisors, if necessary, on whether an investment in the Bonds is suitable for you in light of your risk appetite, financial situation, investment experience, investment objectives and investment horizon. If you choose to sell your Bonds prior to maturity (in the event that early termination is permissible for your Bonds), you could lose part or all of your investment, please ensure that you are prepared to invest your funds for the full investment tenor. If you are in any doubt about the risks involved in the product, you may clarify with the intermediary or seek independent professional advice.

Risk factors

(1) Not a time deposit – The Bonds are NOT equivalent to, nor should it be treated as a substitute for, time deposit. It is NOT a protected deposit and is NOT protected by the Deposit Protection Scheme in Hong Kong.

(2) Investment risk – There are investment risks involved in buying the Bonds. The prices of the Bonds may go up and down and may be volatile. The Bonds may even become worthless. Buying and selling the Bonds may not necessarily result in any profit, and may sometimes result in loss.

(3) Credit risk – The return on the Bonds is linked to the credit of the Issuer and Guarantor (if any). If the Issuer and the Guarantor (if any) default, investors may not be able to receive the principal and interest payments of the Bonds. Credit ratings assigned by credit rating agencies do not guarantee the creditworthiness of the Issuer and the Guarantor (if any). Investors will bear the credit risk of the Issuer and Guarantor (if any), in the event that the Issuer and Guarantor (if any) defaults, the value of the Bonds may fall to zero and you could sustain a total loss of your investment.

(4) Liquidity risk – The Bonds are designed to be held to maturity and there may be no active secondary market quotations for the Bonds. If investors wish to sell the Bonds in the secondary market, they will be sold 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.

(5) Interest rate risk – The Bonds may have a significant impact on the fluctuations in interest rates. In general, prices of the Bonds will fall when interest rates rise.

(6) Currency risk –Where the Bonds are not denominated in the investors’ home currency, investors should be aware of the risk of exchange rate fluctuations.

(7) Market risk – The value of the Bonds are subject to fluctuations depending on market changes. Factors affecting market price of the Bonds include, but are not   limited to, systemic risks, fluctuations in interest rates, the liquidity of the Bonds, the financial condition and credit quality of the issuer/guarantor (if any).

(8) Reinvestment risk – Investors face reinvestment risk when the Issuer exercises its right to redeem the Bonds before it matures. Investors may not be able to enjoy the same rates of return when they reinvest their funds in other investment.

(9) Early redemption risk – If the Issuer is permitted to early redeem the Bonds, including but not limited to make whole redemption of the Bonds prior to maturity under the provisions may be stated in the relevant offering document, which is    subject to certain trigger events, including but not limited to force majeure, regulatory changes, rating changes, changes in the accounting treatment or taxation regime. Investors may lose up to all their initial investment in the worst case if any such circumstances were to happen.

(10) Default risk – It is the Issuer’s obligation to pay interest and repay the principal of the Bonds to investors. If the Issuer defaults, the investors of the Bonds may not be able to recover all or part of the interest and/or principal on the Bonds. Accordingly, the investors bear the credit risk of the Issuer and will have no recourse to Chong Hing Bank Limited (the “Bank”), unless the Bank itself is the issuer.