SILVER BOND ALLOCATIONS ANNOUNCED

21-10-2024

gov_rss

The subscription and allocation results for the latest batch of Silver Bonds were released today.

A total of 300,413 valid applications, seeking a total of $69.9 billion in bond principals, were received.

More than half of the applications, 166,177, were for 23 units or fewer. These applicants will be allocated the full number of units applied for.

The other 134,236 applications were for more than 23 units. These applicants will be allocated 23 units each, with 23,737 of them being allocated one additional unit after a ballot.

The bonds will be issued on Wednesday. The final issuance amount will be $55 billion.

Financial Secretary Paul Chan said this was the first batch of Silver Bonds issued under the Government’s Infrastructure Bond Programme, which will support infrastructure projects for the good of the economy and people’s livelihoods, and aims to give citizens a sense of participation in Hong Kong's long-term development projects.

He highlighted that the positive response to the bond issuance shows that the Silver Bond scheme continues to be well-received by senior residents.

“We will keep the effectiveness of the scheme and future arrangements under review, taking account of investor response, market conditions and other relevant considerations,” he added.




PREVIOUSNEXT

Latest Business News

最新商業資訊


Digital tools drive SME growth  6-2-2025

gov_rss

The Digital Transformation Support Pilot Programme, operated by Cyberport with a funding allocation of $500 million from...


Govt to file complaint with WTO  7-2-2025

gov_rss

In response to the recent announcement by the US to impose an additional 10% duty on Hong Kong products, the Hong Kong Sp...


New Industrialisation project backed  5-2-2025

gov_rss

The Innovation & Technology Commission (ITC) today announced that the New Industrialisation Vetting Committee has, fo...


US additional duty rejected  5-2-2025

gov_rss

The Hong Kong Special Administrative Region Government today expressed strong disapproval of the imposition of additional...