Hong Kong to issue HK$10b three-year inflation bond

Business | 5 Oct 2020 5:31 pm

Hong Kong will issue a HK$10 billion, three-year inflation-linked retail bond, or iBond and subscriptions open at 9:00am on October 23, officials said today.

The issue size could e increased to a maximum HK$15 billion depending on response, a government statement, said.

All Hong Kong ID card holders above 18 years can subscribe to the iBond and the minimum investment is HK$10,000.

Bondholders will be paid interest once every six months at a rate linked to inflation in Hong Kong, subject to a minimum 2 percent, the government, said.

The subscriptions end at 2:00 pm on November 5.

Hong Kong residents may apply for the iBond through 20 placing banks, including The Hongkong and Shanghai Banking Corporation and BOC Hong Kong (2388), securities brokers, or the Hong Kong Securities Clearing Company.

The iBond will be issued on November 16 and listed on the stock exchange on November 17. It can be traded in the secondary market afterwards, the government said.


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