The subscription and allocation results for the latest batch of Silver Bonds were released today.

A total of 371,821 valid applications, seeking $98.2 billion in bond principals, were received.

Of the applications received, 89,958 were for 16 units or fewer. These applicants will be allocated the full amounts they applied for.

The remaining 281,863 applications were for more than 16 units. These applicants will be allocated 16 units each, with 113,918 being allocated one additional unit following a ballot.

The bonds will be issued on Friday and the final issuance amount will be $55 billion.

Financial Secretary Paul Chan highlighted that both the number of applicants and the subscription amount for this round of bonds represented record highs, demonstrating that there is strong demand for the Silver Bond scheme.

He said it provides a safe, reliable and low-risk investment option with steady returns for senior citizens, while also supporting infrastructure projects for the good of the economy and people's livelihoods.

“We will keep the scheme under review, taking account of investor response, market conditions and other relevant considerations," he added.