Officials from the Hong Kong Monetary Authority and bank arrangers conduct a media briefing on August 9. Photo: K. Y. Cheng
Officials from the Hong Kong Monetary Authority and bank arrangers conduct a media briefing on August 9. Photo: K. Y. Cheng

Silver Bonds: Hong Kong gets HK$62.6 billion of bids from record number of subscribers seeking inflation-beating returns

  • The HK$45 billion inflation-protected bonds guarantee at least a 4 per cent annual coupon, a variable target pegged to the city’s inflation rate
  • Consumer prices rose 1.9 per cent in July, the most this year; it is the biggest jump since May 2020, if subsidies and one-off relief measures are removed

Officials from the Hong Kong Monetary Authority and bank arrangers conduct a media briefing on August 9. Photo: K. Y. Cheng
Officials from the Hong Kong Monetary Authority and bank arrangers conduct a media briefing on August 9. Photo: K. Y. Cheng
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