Hong Kong’s 10th Silver Bond sees record subscriptions, allotted up to 17 units

The number of applications and the total amount increased by about 24 percent and 40 percent, respectively, from 2024.The final issuance size was HK$55 billion, above the HK$50 billion target, with the bonds set to be issued on October 10.

All valid applications were allotted bonds, with each applicant eligible for up to 17 units of HK$10,000 each.

Of the 89,958 applications for 16 units or fewer, all were fully allotted. The remaining 281,863 applications for more than 16 units were initially allotted 16 lots each, with 113,918 of them winning an additional unit through a ballot.

Financial Secretary Paul Chan Mo-po said the Silver Bonds provide older investors with a safe, low-risk option that offers stable returns, while also supporting infrastructure projects that benefit the economy and community, giving the public a greater sense of involvement and stake in Hong Kong’s long-term development.