The HKMA announced today (9th) the issuance of the seventh tranche of silver bonds (silver bonds), which will be available for subscription by eligible persons from 23 August to 2 pm on September 2.
The issuance amount of the new batch of bank bonds will be significantly increased to a maximum of 45 billion yuan, which is much higher than the lower limit of 35 billion yuan proposed in the budget at the beginning of the year; the guaranteed interest rate has also been raised to 4%, which is higher than last year's 3.5% Lots of blue chips.
BOCHK and HSBC are the joint arrangers for the retail component of the Government Bond Programme.
Silver bonds are bonds set up by the government for silver-haired people. In the past, they were 10,000 yuan per lot. The bond term was 3 years, and the interest rate was linked to inflation.
The sixth tranche of silver bonds to be issued in 2021 will be subscribed by the elderly over the age of 60, with a guaranteed minimum interest rate of 3.5%.