Government announces subscription and allocation results of Silver Bond

The Government announced today (September 11) 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 4, 2026, a total of 476,703 valid applications were received by the Government for a total of HK$119,306,240,000 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 by the Government in accordance with the mechanism set out in the Issue Circular. All valid applications received have been allocated bonds up to a maximum of 13 units (with each unit being HK$10,000). For the 88,422 applications seeking 12 or fewer units, they will be allocated the full amounts applied for. The remaining 388,281 applications applying for more than 12 units will be allocated 12 units each and then entered into a ballot. Of these applications, 97,396 applications will be allocated one additional unit. The Silver Bond will be issued on September 15, 2026 under the retail part of the Infrastructure B