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


10% rise in non-local firms hailed   20-12-2024

gov_rss

According to the latest annual survey jointly conducted by Invest Hong Kong (InvestHK) and the Census & Stati...


November sees 1.4% inflation  20-12-2024

gov_rss

Overall consumer prices rose 1.4% year-on-year in November, the same increase as in October, the Census & Statistics ...


Sun Dong promotes cybersecurity  19-12-2024

gov_rss

Secretary for Innovation, Technology & Industry Prof Sun Dong today officiated at the Cybersecurity Symposium 2024 an...


Base rate lowered to 4.75%  19-12-2024

gov_rss

The Monetary Authority announced today that it has decreased the base rate to 4.75% with immediate effect.

The decr...