According to the information provided by the distributing banks and designated securities brokers, as of 2 pm on October 14, 2024 when the subscription period ended, the Hong Kong government received a total of 300,413 valid applications, with the total principal amount of applied bonds reaching 69,981,970,000 Hong Kong dollars. The final issuance amount of the silver bonds is 55 billion Hong Kong dollars, exceeding the target issuance amount of 50 billion Hong Kong dollars.

The Hong Kong government distributed the bonds according to the mechanism described in the issuance letter dated September 30, 2024. All valid applications will receive bonds, with a maximum of 24 lots (each lot being 10,000 Hong Kong dollars). A total of 166,177 applications for 23 lots or less will receive the full amount of applied bonds. The remaining 134,236 applications (those applying for more than 23 lots) will first receive 23 lots of bonds, and then undergo a draw. Among these, 23,737 applications will receive an additional lot of bonds.

The silver bonds will be issued in the retail portion under the infrastructure bond program on October 23, 2024. Applicants will be individually notified of their allocation results, applicable subscription amounts, and the refund of any excess application amounts according to the timetable listed in the issuance letter.

Hong Kong Financial Secretary Paul Chan Mo-po stated: "This batch of silver bonds is issued for the first time under the Hong Kong government's infrastructure bond program to support infrastructure projects benefiting the economy and livelihood, allowing citizens to have a greater sense of 'involvement' and 'benefit' in promoting Hong Kong's long-term development. This subscription has received an ideal response, indicating the continuing popularity of silver bonds among elderly residents. Silver bonds offer elderly residents a safe, low-risk, and stable investment option, enabling financial services to better serve the needs of citizens and society. We will continue to review the effectiveness of the program and make appropriate arrangements based on subscription responses, market conditions, and other relevant factors."