Fewer Hong Kong seniors buy Silver Bonds in latest US$6.4 billion sale

Quick Summary:

Investors bid to buy 1.4 times more bonds than the government offers, but application numbers and total bid amount decline from last year.

The latest batch of Silver Bonds has a three-year tenor with a guaranteed annual coupon of 4 per cent, lower than last year’s 5 per cent but in line with the batch in 2022.

The Hong Kong Monetary Authority (HKMA) will announce the final allotment results on October 21.

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Article Details

Author / Journalist: Enoch Yiu

Category: Business

Markets: Hong Kong

Topics: Billion Silver Cent Investors Government Last Offering Bonds Hong Kong Latest

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-14 @ 20:58:05 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 313 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23040210

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