The latest round of the Hong Kong government's Silver Bonds attracted a record number of subscriptions in both quantity and value, as the city's elderly investors seized the opportunity to secure better returns than those offered by bank deposits. The total applications for the three-year Silver Bonds were twice the government's latest issuance of HK$50 billion (US$6.4 billion). Investors submitted 373,000 bids for HK$98.52 billion worth of bonds during the offering period, which ended at 2pm on Monday, a ...

Hong Kong banks and brokers reported keen interest in the latest batch of Silver Bonds compared with last year after subscriptions opened on Monday. HSBC, the biggest of the city's three currency-issuing banks, said application volumes and values were higher compared with the first day of sales last year. "The share of digital submission continues to grow," a spokesperson said. "Separately, around 30 per cent of the applicants are new investors in the Silver Bonds programme with us." Do you have questio ...