IBond Size Increased After Oversubscription
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2020-11-05 HKT 21:39
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The HKSAR government says the latest round of its inflation-linked iBonds has been nearly four times oversubscribed. The final issue amount will now be increased to HK$15 billion from HK$10 billion.
A government spokesperson said around 460,000 people had applied for the 3-year bonds, which have a minimum interest rate of 2 percent.
Total subscriptions came in at HK$38.9 billion or 70 percent more than the previous round in 2016.
The bonds, which had a minimum subscription amount of HK$10,000, will be issued on November 16.
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