French investment bank Calyon is offering Hong Kong retail investors the first in a series of Calyon Income Bonds. The capital-at-risk credit-linked Series 1 bonds are denominated in US dollars and offer six-monthly distributions worth 3.7% per annum over three years.The credit basket comprises Goldman Sachs, Deutsche Bank, Lehman Brothers, Bank of Tokyo-Mitsubishi, Kookmin Bank, Zurich Insurance Company, Macquarie Bank and Axa. The first issue is on sale now via distributors including Bank of C
