SILVER BOND ALLOCATIONS ANNOUNCED

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.

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