Date
19 November 2017
Among the three packages on offer in HSBC's sale of special HK$150 banknotes, demand has been greatest for the 35-in-1 sets. Photo: HKEJ
Among the three packages on offer in HSBC's sale of special HK$150 banknotes, demand has been greatest for the 35-in-1 sets. Photo: HKEJ

HSBC commemorative HK$150 banknotes draw huge demand

The special banknotes being rolled out by HSBC to commemorate its 150th anniversary have drawn huge demand, with one particular package said to have garnered oversubscription of 63 times.

The HK$150 notes are being offered in three different packages. One involves single notes priced at HK$380 per unit, while the second involves an uncut sheet of three banknotes priced at HK$1,380 and the third is a set of 35 notes, also in uncut sheets, priced at HK$23,880.

am730 cited sources close to the bank as saying that the single notes were oversubscribed by four times, and that the 3-in-1 sets drew 21 times more demand than what was being offered.

Meanwhile, the 35-in-1 sets were the most coveted, as they were oversubscribed by 63 times.

HSCB is expected to reap HK$1 billion from the sale of the commemorative bank notes.

Although the allotment results of subscriptions will only be available on April 14, sellers have already emerged on Alibaba’s Taobao online platform.

The sellers are offering single notes for 1,000 yuan each, while demanding 2,900 yuan for a 3-in-1 set and 33,000 yuan for the 35-in-1 package.

Meanwhile, some parties are also offering HK$150 banknotes that had been issued by Standard Chartered Bank in 2009.

The StanChart commemorative notes are on sale at prices ranging from 1,899 yuan to 56,000 yuan for packages that had originally cost HK$280 to HK$18,888.

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EL/AC/RC

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