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Silver Bond is now available

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Silver Bond is now available

Now available for public application:

28 November 2018 (9am) to 6 December 2018 (2pm)

Application

You can only apply for Silver Bond if you (i) hold a valid Hong Kong Identity Card; and (ii) were born on or before 31 December 1953.

Details of Government Bond Programme. Find out more »

Online application

Applicable for clients who have signed up for the followings on or before 16 November 2018, you can submit your application via Online Banking from 28 November 2018 (9am) to 5 December 2018

(11:59pm) (i.e. one day before the official close day).

  • Single name Debt Securities Account
  • Single name HKD Settlement Account
EXISTING ONLINE BANKING CLIENT
NOT YET REGISTERED ONLINE BANKING
Apply now Register now and apply
Apply via branches

From 28 November 2018 (9am) to 6 December 2018 (2pm), you can also submit your application form to any of our branches. Locate Branch »

Important Notes:

  1. Application amount will be debited from your settlement account on or before 6 December 2018 at 2pm. Sufficient available fund must be available at settlement account before application closes.
  2. HKSAR Government will announce the issue amount on 13 December 2018. Standard Chartered Bank (Hong Kong) Limited will notify you the allotment amount within 5 business days.

Fee waiver on Silver Bond application

WAIVERS FOR SILVER BOND
FREE OF CHARGE FOR SILVER BOND
FREE OF CHARGE FOR ALL BONDS
Handling fee Early redemption# (sell back to issuer) • Safe custody
• Interest collection
• Maturity redemption

Note: Transfer out request is subject to the handling fee of HKD500 per request.

# If you intend to redeem the Silver Bond before maturity, you can only sell back to HKSAR Government through placing bank or designated securities broker at 100% of its face value with accrued interest (if any).

Enquiry hotline: 2886 8868 (press “0 > 9”) after selecting language

Service hours:
Monday to Friday: 9am – 5:30pm
Saturday: 9am – 12:30pm
Sunday and public holidays: Closed

Risk Disclosure Statement

Disclaimer and Important Notice Statement:
You should read the programme circular dated 22 November 2018 as well as the issue circular dated 22 November 2018, copies of which can be viewed online at the Government Bond Programme’s website www.hkgb.gov.hk before deciding whether to apply for any retail bonds.

Key Risks:

  • Interest rate risk: The retail bonds carry a floating rate of interest that is calculated other than by reference to prevailing Hong Kong dollar interest rates. The return on your retail bonds may be relatively lower if the prevailing Hong Kong dollar interest rates increase during the term of the retail bonds.
  • Index risk: The retail bonds carry a rate of interest that includes a component linked to the Composite Consumer Price Index. The return on your retail bonds may be affected by movements in the index.
  • Liquidity risk: You cannot transfer your retail bonds to any other person. There will be no secondary market for your retail bonds. If you wish to sell your retail bonds before maturity, you may only submit an early redemption request to your placing bank or designated securities broker.
  • Credit risk: The retail bonds are not secured. When you buy retail bonds you will be relying on the creditworthiness of HKSAR Government. Adverse changes in the wider economic conditions in Hong Kong and the world and/or the creditworthiness of HKSAR Government may affect HKSAR Government’s ability to make payments of principal of and interest on your retail bonds. In the worst case scenario, you could lose all of your investment.
  • Intermediary risk: You can only hold retail bonds indirectly through placing banks or designated securities brokers, whom you will have to rely on to perform a number of functions, including passing on payments of principal of and interest on your retail bonds to you and proving your interest in your retail bonds.

Risk Disclosure Statement:
Investment involves risks. The prices of investment products may move up or down and the worst case will result in loss of your entire investment. Clients should consider their own investment objective, investment experience, financial situation and risk tolerance level; and also read the terms and conditions of the relevant investment services/offering documents including the risk disclosures, and are advised to seek independent professional advice before making any investment decision. Bond is not an alternative to ordinary saving or time deposit, and is NOT a protected deposit and NOT being protected under the Deposit Protection Scheme in Hong Kong.

Notes:
This webpage does not constitute an invitation or recommendation to any person to enter into any transaction of financial products. Clients should not make investment decisions based on this webpage alone. This webpage has not been reviewed by the Securities and Futures Commission or any regulatory authority in Hong Kong.