Chinanews.com, May 7. According to a report from Hong Kong Sing Tao.com, the first green retail bond issued by the Hong Kong SAR government will be closed for subscription on the afternoon of the 6th.
A spokesman for the SAR government said that the green retail bond has initially received about 493,000 subscriptions, with a subscription amount of about 32.88 billion yuan (HKD, the same below), which is 2.2 times the target issuance amount.
The spokesman said that the final figure may be adjusted. As the green bond has received strong support from the public, it is expected that the final issuance amount will be raised to the upper limit of 20 billion yuan.
According to reports, the SAR government plans to announce the results of the allotment of green bonds on the 16th of this month. The bonds will be listed on the Stock Exchange on the 19th of this month and can be traded in the secondary market.
Zhou Guochang, deputy general manager of BOCHK's Personal Digital Financial Products Department, said that the green retail bond subscription response was satisfactory, and it is expected to record over-subscription, and there is a chance that each person will receive at least 4 lots.
It is reported that the green bond with a term of 3 years has an entry fee of 10,000 yuan per hand, and a dividend is paid every six months. The interest rate is linked to local inflation, and the guaranteed interest rate is at least 2.5%.