, Hong Kong

155,835 valid applications for iBond subscription received

The retail bond will be issued on July 28 while its listing and dealings on the Stock Exchange will take effect on July 29.

Among all the valid applications for the inflation-linked retail bond the iBond, the Government on Tuesday announced that those who have applied for 44 units or less will be allocated the full amount applied for, and there are 150,869 such applications.

In addition, there are 4,966 valid applications that have applied for more than 44 units. Each of them will be allocated 44 units first, and 1,344 of them will be allocated one additional bond unit based on ballot results.

A total of 155,835 valid applications have been received for over $13 billion in the principal amount for the bond. The final issue amount is $10 billion, according to a government report.

The iBond will be issued on July 28. Listing and dealings of the iBond on the Stock Exchange will become effective on July 29.

Join Hong Kong Business community

Notifications on the individual allocation results, the applicable subscription monies and the amount of any refund of application monies will be made by the placing banks and Hong Kong Securities Clearing Company in accordance with the schedule set out in the issue circular.

The Government said the total number of applications and total application amount are up to expectation. Both are at high levels as compared with those for recent retail bond offerings.

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

HK employers face rising benefit costs, financial strain: report
Mental health, health benefits, and financial wellbeing are the three areas most employers in the region are planning to enhance over the next three years.
Commercial floors at 382 Lockhart Road up for sale
The indicative price is set at $398M, or approximately $8,405 per square foot.
Hong Kong logistics rental softens in H1
Tenants’ adjustment and tariff risks dragged rental prices and activities.