Hong Kong government: The final issuance amount of the new batch of silver bonds is HK$55 billion, exceeding the target issuance amount.

The Hong Kong government announced today (October 8) the subscription and allotment results for a new batch of Silver Bonds. According to the subscription data provided by the participating banks and designated securities brokers, as of the end of the subscription period on September 29, 2025, the Hong Kong government received a total of 371,821 valid applications, with a total bond principal amount of HK$98.2273 billion. The final issuance amount of the Silver Bonds is HK$55 billion, exceeding the target issuance amount of HK$50 billion. The Hong Kong government will allocate the bonds according to the mechanism stated in the issuance circular. All valid applications will be allotted the bonds, with a maximum of 17 lots (each lot is HK$10,000). 89,958 applications that subscribed for 16 lots or less will receive the full amount of bonds applied for. The remaining 281,863 applications that subscribed for more than 16 lots will first receive 16 lots of bonds. After a draw, 113,918 applications will be allotted one additional lot of bonds. The Silver Bonds will be issued in the retail portion of the Infrastructure Bond Programme on October 10, 2025. Applicants will receive individual notifications of their allotment results, applicable subscription amounts, and the refund of excess application amounts. Financial Secretary Paul Chan Mo-po stated, "The number of applicants and subscription amount for this batch of Silver Bonds are both at record highs, demonstrating the continued popularity of Silver Bonds among the public. Silver Bonds provide a safe, low-risk, and stable investment option for senior citizens, while supporting infrastructure projects that benefit the economy and livelihood, allowing the public to have a greater sense of 'participation' and 'benefit' in driving the long-term development of Hong Kong. We will continue to review the arrangements for Silver Bonds in response to subscription feedback and market conditions."