The Government announced the results of the latest Silver Bond subscription, revealing 300,413 valid applications totaling approximately HK$69.98 billion. The final issuance will be HK$55 billion, exceeding the HK$50 billion target. Allocation follows a structured mechanism, with applications for 23 units or fewer receiving full amounts, while those requesting more will enter a ballot after receiving 23 units. The Silver Bond, to be issued on October 23, 2024, is part of the Infrastructure Bond Programme aimed at supporting economic development and providing senior residents with a secure investment option. Financial Secretary Paul Chan highlighted the strong response and ongoing commitment to evaluate the scheme’s effectiveness.
Resources: https://www.hkma.gov.hk/eng/news-and-media/press-releases/2024/10/20241021-3/