Silver Bond｜The minimum interest rate is 3.5%, and the total subscription for more than 43.2 billion yuan can receive a maximum of 14 lots

Financial News

Author: Hu Xueneng

2020-12-18 17:50

Last update date: 2020-12-18 17:50

The government announced the results of the subscription and allotment of the fifth batch of silver bonds (Silver Bond) in the retail sector under the Government Bond Program.

According to the subscription information provided by the placing bank and designated securities brokers, as of 2 p.m. on December 11, 2020, a total of 135,243 valid applications have been received during the subscription period, with a total bond principal amount of RMB 43,224,250,000.

The final issuance of silver bonds is 15 billion yuan.

The government stated that all valid applications will be allotted bonds, up to 14 lots.

A total of 56,632 applications to subscribe for bonds of 13 lots or less will be allotted to the bonds.

The remaining 78,611 applications (that is, those who subscribe for more than 13 lots) will receive 13 lots of bonds first, and lottery will be conducted, of which 45,720 applications will be allotted one more lot of bonds.

This batch of silver bonds has a bottom interest rate of 3.5% and will be issued on the 22nd of this month.

Applicants will be individually notified of the results of the allotment, applicable subscription monies, and the amount of any refunds in the application monies according to the timetable set out in the issuance circular.

Financial Secretary Chen Maobo said that this batch of silver bonds has been actively subscribed by the elderly, showing that the issuance of silver bonds can indeed provide the elderly with a stable and reliable investment option for retirement capital, and can further promote the development of the local retail bond market. The government will later In view of relevant factors such as subscription response and market conditions, review the next step of the plan.

Is the minimum interest rate of 3.5% for silver bonds attractive?

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