Government announces subscription and allocation results of Silver Bond, with a final issuance amount of HK$55 billion, surpassing the target of HK$50 billion. Applicants will be notified of their allocations by October 10, 2025.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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The Government has announced the subscription and allocation outcomes for the latest batch of Silver Bond, effective October 8, 2025. The subscription period closed on September 29, 2025.
A total of 371,821 valid applications were received for a principal amount totaling HK$98,227,300,000, significantly exceeding the target issuance amount of HK$50 billion.
The final issuance amount for the Silver Bond is set at HK$55 billion, reflecting substantial public interest and investment. Allocation follows the mechanism outlined in the Issue Circular.
Each valid application was allocated bonds up to a maximum of 17 units (HK$10,000 per unit). For applications requesting 16 or fewer units, the full amount was allocated. Those requesting more than 16 units received 16 units initially, and an additional ballot process determines any further allocation.
Notably, 113,918 applications received an additional unit. The Silver Bond will be issued on October 10, 2025, under the retail Infrastructure Bond Programme.
Notifications detailing individual allocation results, applicable subscription amounts, and refunds for excess application moneys will be sent to applicants.
The Financial Secretary, Mr. Paul Chan, acknowledged the high number of applicants and subscription amounts as a record-breaking indicator of public acceptance. The Silver Bond offers a secure, low-risk investment option with steady returns, particularly beneficial for senior citizens, while contributing to economic growth and infrastructure development.
The Silver Bond fosters a sense of public participation and support for Hong Kong’s long-term infrastructure projects. The Government will continue to monitor and assess the scheme in light of investor feedback, market conditions, and other relevant factors.
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