New batch of Silver Bonds now available with guaranteed interest rate of 3.85%

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The government is issuing the tenth batch batch of Silver Bonds and subscription is now open, with a guaranteed interest rate of 3.85%. 

The target issuance amount is HK$50 billion, which can be increased to HK$55 billion.The guaranteed interest rate of 3.85% is lower than the previous batch's guaranteed interest rate of 4%.

The interest rate is also linked to inflation and will be compared with the guaranteed interest rate, with the higher of these two rates used as annual interest, paid semi-annually. The bonds have a term of three years.

At a guaranteed interest rate of 3.85%, each lot of Silver Bonds will receive a minimum annual interest of HK$385. Holding the bonds for three years until maturity will yield a total interest of HK$1,155 per lot.

Hong Kong residents born in 1966 or earlier and holding a Hong Kong Identity Card can submit subscription applications to designated banks and securities firms. 

The subscription period ends at 2:00 PM on the 29th of this month. The allocation results will be announced on October 8th, and the issuance date is October 10th.