The Government today announced the eighth Silver Bond’s subscription and allocation results.
 
A total of 323,783 valid applications were received for around $71.7 billion in principal amount of bonds.
 
The 202,477 applications seeking 22 or fewer units will be allocated the full amounts.
 
The other 121,306 applications for more than 22 units will be allocated 22 units each, and 89,984 of them will be allocated one additional unit after a ballot.
      
The bond will be issued on August 18.
 
The final issue amount is $55 billion.
 
Financial Secretary Paul Chan explained that both the total application amount and the number of applications of this batch of Silver Bond are at record highs, showing that Silver Bonds continue to be well-received by senior residents.
 
He said: “Silver Bonds can provide a stable investment option with attractive returns for senior residents, rendering financial services more inclusive and better serving the needs of the public and the community. The maximum allocation per investor is 23 units this time, which is the highest among all issuances.
 
“We will keep the effectiveness of the scheme arrangements under review having regard to market response, prevailing market conditions and other relevant considerations," Mr Chan added.