OREANDA-NEWS. May 16, 2011. East Asia Securities Co. Ltd. (“EAS”), the wholly owned stock-broking arm of The Bank of East Asia (“BEA”), announces the launch of a privileged interest rate offer on Initial Public Offering (“IPO”) staging loans, reported the press-centre of Bank of East Asia.

Customers can enjoy a privileged interest rate as low as 0.98% per annum on stagging loans for IPO subscriptions. The interest rate offered depends on the amount borrowed:

Lower than HKD 5 million: P*-3.57%

HKD 5 million to HKD 30 million: P-3.87%

Over HKD 30 million: P-4.27%

“To capture the active IPO listing trend, and to maintain our competitiveness in the IPO stagging loan market, we are pleased to offer these highly competitive terms to all our customers,” says Mr. Peter Hsiao, General Manager of EAS. “Apart from these attractive offers, customers can also enjoy the convenience of our extensive branch network and highly secure and user-friendly electronic trading platform, and the expertise of our professional financial team.”

To learn more about the securities broking services of EAS and the terms and conditions of this offer, please visit any BEA Securities Services Centre or EAS outlet, or the EAS homepage at www.easecurities.com.hk.

*BEA’s Best Lending Rate (“P”) is currently at 5.25% per annum.

About East Asia Securities Co. Ltd.
Incorporated in Hong Kong in 1985, EAS is a wholly-owned subsidiary of BEA and serves as the Bank’s stock broking arm. EAS provides a full range of securities services including broking services for Hong Kong-listed stocks, China B shares and stock options, margin financing, Initial Public Offering (“IPO”) applications, staging loans for IPOs, and nominee services to cater for the diverse needs of its customers.

EAS currently operates 5 offices and 20 conveniently-located Securities Services Centres in Hong Kong.