Government announces subscription and allocation results of retail infrastructure bond
The Government announced today (December 13) the subscription and
allocation results of the retail infrastructure bond.
According to the subscription information submitted by placing
banks and the Hong Kong Securities Clearing Company Limited (HKSCC),
as at the close of the subscription period at 2pm on December 6, 2024,
127 594 valid applications were received for a total of
HK$17,776,530,000 in principal amount of bonds.
A breakdown
of valid applications is as follows -
Total number of valid
applications Total amount of valid applications (HK$) Placing banks
118 935 16,960,700,000 HKSCC (including the subscription applications
made through securities brokers) 8 659 815,830,000 Total 127 594
17,776,530,000
Allocation is conducted in accordance with the
mechanism set out in the Issue Circular dated November 26, 2024. All
applications for 100 or fewer lots have been allocated the full
amounts applied for, while applications for more than 100 lots have
been allocated the maximum principal allocation amount of 100 lots.
The final issuance amount of the retail infrastructure bond is
HK$17,730,350,000.
The retail infrastructure bond will be
issued on December 17, 2024, and listed on the Stock Exchange of Hong
Kong on December 18, 2024. Notifications on individual allocation
results, applicable subscription moneys and amounts of any refund of
application moneys will be made by the placing banks and the HKSCC in
accordance with the schedule set out in the Issue Circular.
Ends/Friday, December 13, 2024