Hong Kong to triple Silver Bond offering in July, lower minimum age to 60 to widen pool of eligible senior citizens

//Hong Kong to triple Silver Bond offering in July, lower minimum age to 60 to widen pool of eligible senior citizens

Hong Kong to triple Silver Bond offering in July, lower minimum age to 60 to widen pool of eligible senior citizens

Hong Kong is opening its record bond offering for senior citizens to more of the city’s pool of ageing population to help them cope with diminishing investment returns after decades of near-zero interest rates.The government will lower the minimum age of eligibility to 60 from 65 for the sale of HK$24 billion (US$3.09 billion) of so-called Silver Bonds, according to the Hong Kong Monetary Authority. The three-year inflation-linked notes will go on sale from July 20 to 30, and may be upsized to…

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By | 2021-06-29T11:30:16+00:00 June 29th, 2021|Business|Comments Off on Hong Kong to triple Silver Bond offering in July, lower minimum age to 60 to widen pool of eligible senior citizens