值唔值得買?三厘好以唔多吸引

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原帖由 spider_b 於 2007-6-27 21:44 發表
值唔值得買?三厘好以唔多吸引

99.8%值得

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原帖由 BALABALA 於 2007-6-27 22:55 發表
buy it now (3% interest rate + 5% currency raised per year = 13%)
Risk = zero

3+5 = 13%??

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原帖由 peninsula 於 2007-6-28 10:11 發表

3+5 = 13%??

兩年期嘛~

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原帖由 Air Supply 於 2007-6-28 13:10 發表
兩年期嘛~

3+3+5+5 = 16%??

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原帖由 peninsula 於 2007-6-28 13:52 發表

3+3+5+5 = 16%??

Since you are professional in this field, I have no doubt about your calculation.

兩年喎，進取 D 好過喇! 使唔使咁保守?

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原帖由 mmr.ren 於 2007-6-28 14:06 發表
兩年喎，進取 D 好過喇! 使唔使咁保守?

Hahaha. I agree!

worth for buy if U have some spare money

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原帖由 cyberken 於 2007-6-28 17:30 發表
worth for buy if U have some spare money

Not suitable for me. My spare cash is for IPO!

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原帖由 peninsula 於 2007-6-28 17:44 發表

Not suitable for me. My spare cash is for IPO!

同意! 人民幣債券似乎只係適宜打算繼續持有人民幣定期嘅投資者嘅另一個換馬之選~

[ 本帖最後由 Air Supply 於 2007-6-28 18:40 編輯 ]

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原帖由 BALABALA 於 2007-6-28 20:52 發表
sorry typo error

No problem.

very much over-subscribe
may lose admin fee if got no allocation just like IPO

ANY MANAGEMENT FEE ??? CAN I SELL IN PUBLIC ??? ANY STAMP FEE ???

I think the interest is 3% (before commission) per year. Say there is 3% RMB appreciation in 2 years, then the total gain in 2 years will be:
3% + 3% + 3% = 9% in 2 yrs, or 4.5% per year on average.

Remember u have to hold the bond for 2 yrs' time, otherwise u may sell at a discount. And I don't think it is easy to sell the RMB bond, or not as liquid as the other USD bonds.

Not attractive.

But if u have much RMB on hand which has no use and only earning bank interest, then OK.

seems not buy back (by original price) guarantee even on maturity
please check before buying

100%zhide`````pride

唔睇好.  3 厘未必吸引到香港人, 特別係有錢果班.  匯豐都唔只3厘啦...
我地一般股民又唔會有太多閒錢.....

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原帖由 peninsula 於 2007-6-28 17:44 發表

Not suitable for me. My spare cash is for IPO!

ME TOO

On the contrary, as I've heard from banks, people show a lot of interest in it especially for those with RMB deposit, and it definitely will be over-subscribed.

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原帖由 whoistheman 於 2007-7-1 09:04 AM 發表
唔睇好.  3 厘未必吸引到香港人, 特別係有錢果班.  匯豐都唔只3厘啦...
我地一般股民又唔會有太多閒錢.....

I have one question, it is highly probable that the People Bank will increase the interest rate.  That means bond price will decrease.  When considering this factor, seems not attractive to me.

Term Deposit for RMB now is 0.75% only.

And, holding the bond till to the end , 2 yrs, entitled to you get the face value + 3% per year.

How and when can I buy it?

I can buy it which Bank ?

In theory, the bond's coupon value will decrease when the interest rate increase. But in practical, it is not always true.

This bond has a very short duration of 2 yrs. The coupon value has very slow response when the China government changing the interest rate.

Also, if there is much demand for this kind of bond, then we should go to the very fundamental of supply and demand, the coupon value may not decrease due to the interest rate increase. And indeed, I was looking for USD bond for longer term in the last 2 years, but the bankers told me that the coupon value was not decreasing althought the US Federal Reserve increased the interest rate 0.25% continously. The market had much demand for USD bonds.

But anyway, if u hold the RMB Bond for 2 years, it will give u back 100% coupon value at maturity plus interest. If u are not selling b4 maturity, then no need to take care of the changing in the interest rate.

However, u can wait for another new RMB Bond after the China gov't increase the interest rate. The new bond should have higher than 3% interest rate then.

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原帖由 ngaiso 於 2007-7-2 22:47 發表
I have one question, it is highly probable that the People Bank will increase the interest rate.  That means bond price will decrease.  When considering this factor, seems not attractive to me.