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Fixed Income Securities

Capital preserved investments.

Fixed Income Securities

These are debt instruments issued by governments or corporations to raise funds for projects and/or operations. Most commonly called ‘bonds’, these products pay investors a regular and fixed amount of interest (i.e. coupon payments) over a period of time, with the principal (or face amount) paid back to the investor on the maturity date of the security.

Government Securities

These are short to long-term securities issued by the government. The different types include:

  • Treasury Bills (T-bills)

Short-term peso denominated securities issued by the Republic of the Philippines thru the Bureau of Treasury. These are sold at a discount and redeemed at the face value of the security on maturity date. From their issue date, T-bills usually have tenors of 3 months, 6 months and 1 year.

  • Fixed Rate Treasury Notes (FXTNs)

Medium to long-term peso-denominated securities that are issued by the Republic of the Philippines thru the Bureau of Treasury. FXTNs pay out interest semi-annually. 

  • Retail Treasury Bonds (RTBs)

Medium to long-term peso-denominated securities that are issued by the Republic of the Philippines thru the Bureau of Treasury. RTBs pay out interest quarterly.

  • Retail Dollar Bonds (RDBs)

Medium to long-term US dollar-denominated securities that are issued by the Republic of the Philippines thru the Bureau of Treasury. RDBs pay out interest quarterly.

  • Offshore Sovereign Bonds

Medium to long-term foreign currency denominated securities that are issued by the Republic of the Philippines or other sovereigns (e.g. Australian Commonwealth, Republic of Indonesia) and are listed offshore. These securities pay out interest either semi-annually or annually.

Corporate Bonds

These are borrowings of corporations which are backed solely by their credit quality. Investors are expected to earn regular interests (i.e. coupons payments) until the bond matures.

Offshore Referral Services

Our global network enables us to refer you to specialists within the HSBC Group offices should you need assistance with your offshore investments and other Private Banking needs. For more information on wealth management options, you can visit the HSBC Premier Banking section or visit any of our HSBC Premier Centers.

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For inquiries or complaints, please call HSBC's Customer Service at (02) 8858-0000 or (02)7976-8000 from Metro Manila, +1-800-1-888-8555 PLDT domestic toll-free, (International Access Code) + 800-100-85-800 international toll-free for selected countries/regions, or talk to us through Chat by clicking on the icon at the bottom right of our homepage. If you want to find out more about HSBC's customer feedback procedures, please visit hsbc.com.ph/feedback.

The Hongkong and Shanghai Banking Corporation Limited is an entity regulated by the Bangko Sentral ng Pilipinas (Bangko Sentral) https://www.bsp.gov.ph. You may get in touch with the Bangko Sentral Consumer Protection and Market Conduct Office through their Email: consumeraffairs@bsp.gov.ph; Webchat: http://www.bsp.gov.ph; Facebook: https://www.facebook.com/BangkoSentralngPilipinas or SMS: 021582277 (for Globe subscribers only).

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