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Silver Bond Sees First Day Average Subscription of 30 Lots
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The 10th batch of Silver Bonds issued by the Hong Kong government saw public subscription begin yesterday, with a guaranteed interest rate of 3.85%. According to feedback from various banks and brokers, the first day's subscription response was favorable, with applicants averaging 30 lots, equivalent to a subscription amount of HKD300,000, better than last year's first-day sales.

BOC HONG KONG (02388.HK) stated that the first-day subscription response for the 10th batch of Silver Bonds was promising, with the total subscription amount on the first day hiking nearly 20% compared to last year, and each person averaging 28 lots, more than last year's 22 lots.

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ICBC (Asia) mentioned that the first-day customer subscription was stellar, with each person averaging over 30 lots, an elevation of about 20% from last year.

Hang Seng Bank noted that the initial customer response to this batch of Silver Bonds was better than the previous batch. The total subscription amount on the first day grew nearly 28% compared to the previous batch, and the number of transactions also increased.

A spokesperson for HSBC stated that the newly launched Silver Bonds continued to attract elderly subscribers, with a positive response on the first day of sale. The number of subscriptions and the amount heightened compared to the same period last year, and the proportion of digital channel subscriptions continued to rise.

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