The subscription and allocation results of the Government's inaugural retail green bond were released today.

A total of 488,353 valid applications were received for more than $32.5 billion in principal amount of bonds.

The 150,826 applications for four or fewer units will be allocated the full amount.

The other 337,527 applications applying for more than four units will be allocated four units each, while 194,302 will be allocated one additional unit after a ballot.

The bond will be issued on May 18.

The final issue amount is $20 billion.

Financial Secretary Paul Chan said the inaugural retail green bond is well received by the public, noting that this is the largest retail green bond issuance across the globe so far.

He added the introduction of the retail green bond has provided the public with a green investment choice with a steady return and further promoted the development of the local retail bond market.

“It has also broadened the variety of green and sustainable financial products in Hong Kong, reinforcing our position as a premier green finance hub both regionally and internationally.”