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New Batch of Silver Bonds Has Issuance Size Set at $50B w/ Min. Interest Rate of 3.85%; No Other Retail Bonds to Be Issued This FY
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The Hong Kong government announced the issuance of the 10th batch of Silver Bond, with an issuance amount targeted at HKD50 billion (extendable to up to HKD55 billion). Each unit of the Silver Bond will be offered at HKD10,000, with a term of three years. Interest will be paid semi-annually at a minimum rate of 3.85%. This batch of Silver Bond will be issued on October 10, with the subscription period starting from 9 am on September 15 to 2 pm on September 29. The final issuance size and allocation results are expected to be announced on October 8. Applicants must be Hong Kong residents aged 60 or above (born in 1966 or earlier) and hold a valid Hong Kong identity card. Christopher Hui, Hong Kong's Secretary for Financial Services and the Treasury, said that this batch of Silver Bond will be the third batch of retail bonds under the Infrastructure Bond Program. After factoring in the current market conditions, the government will not issue other retail bonds in the 2025/26 fiscal year. AAStocks Financial News |
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