The Government announced today (October 8) the subscription and allocation results of the new batch of Silver Bond.
      
     According to the subscription information submitted by the Placing Banks and the Designated Securities Brokers, as at the close of the subscription period on September 29, 2025, a total of 371,821 valid applications were received for a total of HK$98,227,300,000 in principal amount of bonds.
      
     The final issuance amount of the Silver Bond will be HK$55 billion, higher than the target issuance amount of HK$50 billion. Allocation is conducted in accordance with the mechanism set out in the Issue Circular. All valid applications received have been allocated bonds up to a maximum of 17 units (with each unit being HK$10,000). For the 89,958 applications seeking 16 or fewer units, they will be allocated the full amounts applied for. The remaining 281,863 applications applying for more than 16 units will be allocated 16 units each and then entered into a ballot. Of these applications, 113,918 will be allocated one additional unit.
      
     The Silver Bond will be issued on October 10, 2025, under the retail part of the Infrastructure Bond Programme. Notifications on individual allocation results, applicable subscription moneys and refund of application moneys in excess of the allocated portion will be sent to applicants.
      
     The Financial Secretary, Mr Paul Chan, said, "Both the number of applicants and subscription amount for this batch of Silver Bond have reached record highs, demonstrating that Silver Bond continues to be widely welcomed by the public. Silver Bond provides a safe, reliable and low-risk investment option with steady returns for senior citizens, while supporting infrastructure projects for the good of the economy and people's livelihoods at the same time. It provides members of the public with a greater 'sense of participation' and 'sense of gain' in support of infrastructure projects for Hong Kong's long-term development. We will keep the Silver Bond scheme under review, taking account of investor response, market conditions and other relevant considerations."

Ends/Wednesday, October 8, 2025
Issued at HKT 18:18

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