HSBC plans to issue special HK$150 commemorative banknotes in early March to celebrate the banking giant’s 150th anniversary, Apple Daily reported Monday, citing a source.
The issuance quantity will range from one to two million banknotes, according to the report. The bank is yet to decide on the sale price of the commemorative notes, it said.
Sales could start in the first week of March once the bank wins approval from regulators for the issuance, the report said.
HSBC is the second lender in Hong Kong to issue such notes. In 2009, Standard Chartered issued the first-ever HK$150 commemorative banknotes, which were sold at HK$280 per note.
Chan Wing Fai, a coins expert, was quoted as saying that strong demand from mainland collectors and currency speculators will ensure that HSBC’s notes will command a premium of two or three times their sale price.
An HSBC spokesperson declined to comment on the banknotes issue when contacted by the paper.
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