The new batch of silver bonds in Hong Kong can be subscribed to starting from August 21, with a maximum issuance amount of HKD 55 billion and a guaranteed interest rate of 4.25%.

On August 6, the Hong Kong government announced the details for the sale of a new batch of silver bonds. The target issuance amount is HK$50 billion, with a maximum issuance of HK$55 billion depending on subscription response. Each bond is valued at HK$10,000, with a term of 3 years. Interest will be paid semi-annually, with the interest rate linked to local inflation, and this time the guaranteed interest rate is 4.25%, higher than the previous batch's 3.85%. The subscription period is from 9:00 AM on August 21 to 2:00 PM on September 4, with the results expected to be announced on September 11 and issuance on September 15. Citizens holding a valid Hong Kong identity card and born in 1967 or earlier can apply through the designated banks or brokers. In terms of allocation mechanism, the Hong Kong government will conduct allocation on a cyclical basis, with a maximum of 100 lots per investor. There will be no secondary market for the silver bonds, and they will not be listed on any stock exchange. Investors can sell the bonds back to the government before maturity, which will redeem them at par plus the corresponding accrued interest. Paul Chan Mo-po, the Financial Secretary of Hong Kong, stated that the HKSAR government continues to issue silver bonds this year to provide seniors with a safe, stable, low-risk investment option, while also encouraging the financial sector to seize the opportunities presented by the silver economy. This batch of silver bonds is issued under the infrastructure bond program, with the funds raised being used to develop public works projects, promoting Hong Kong's infrastructure and urban development, while improving the quality of life for citizens and allowing them to participate and benefit from it. Data shows that silver bonds are retail government bonds issued by the Hong Kong government since 2016 for the elderly (also known as the "silver-haired" population). By 2026, the silver bonds will have reached their 11th issuance. The guaranteed interest rate for the silver bonds issued in 2023 is 5%, the highest ever, while the guaranteed interest rate for this new batch of silver bonds is the second highest in history.