'Silver bond subscriptions could hit new record'
A general manager of Bank of China (Hong Kong) said the total subscription volume for the newly released silver bonds could reach a record high, with over 300,000 applications expected. The remarks came after the government's 11th batch of silver bonds for senior citizens went on sale from 9am on Friday morning. The sale, totaling up to HK$55 billion, ends at 2pm on September 4. The three-year…
Bank of China (Hong Kong) anticipates a record-breaking subscription volume for newly released silver bonds, with over 300,000 applications expected from senior citizens. The sale, totaling up to HK$55 billion, runs from 9am to 2pm on September 4. Each eligible investor can subscribe for up to 100 board lots, valued at HK$10,000 each.
The bonds offer a guaranteed annual coupon of 4.25 percent, higher than local lenders' fixed-deposit products and expected to be welcomed by investors due to their stability. Despite global instability affecting economies, profits, inflation, and unemployment, the bonds provide a relatively secure investment option. The bonds are set to be issued on September 15, just before the US Federal Reserve's interest rate decision.
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- 'Silver bond subscriptions could hit new record' news.rthk.hk
