2025 Silver Bond 7 Fee Waiver Offers - ICBC (Asia)
2025 Silver Bond 7 Fee Waiver Offers
Silver Bond 7 Fee Waiver Offers:
During the subscription period (from 15 September 2025 (Monday) 9am to 29 September 2025 (Monday) 2pm, both dates inclusive.), eligible customer (details as referred to the “Eligibility Requirement” as below) who subscribes the new batch of Silver Bond via personal internet banking or at branches of Industrial and Commercial Bank of China (Asia) Limited can enjoy fee waiver offers of below 7 types of fees, including:
- Handling Fee
- Interest Collection Fee
- Redemption Fee (early and at maturity)
- Deposit Transaction Charge
- Custodian Fee
- Transfer-In Fee
- Transfer-Out Fee
Subscription details of Silver Bond:
Infrastructure Bond Programme
Silver Bond Series HK$50,000,000,000 Retail Bonds Due 2028
| Issuer | The Government of the Hong Kong Special Administrative Region of the People’s Republic of China (“HKSAR Government”) |
| Subscription Period* | 9am on 15 September 2025 (Monday) to 2pm on 29 September 2025 (Monday) HKSAR Government may decide to close the offer early, or allow more time, without prior notice. HKSAR Government reserves the right to cancel the offer at any time on or before the scheduled issue date. |
| Currency | Hong Kong Dollar |
| Eligibility Requirement |
|
| Subscription Channel | Branches/Internet Banking (can only place one bond application via the same placing institution) |
| Issue Date* | 10 October 2025 (Friday) |
| Application Price | 100% |
| Subscription Price | The subscription price of the retail bonds is equal to the application price. |
| Principal Application Amounts | The minimum principal amount of retail bonds you can apply for is HK$10,000. You must apply for a principal amount of retail bonds, which is an integral multiple of HK$10,000. |
| Minimum Denomination | HK$10,000 |
| Maximum Principal Allocation Amount | HK$1,000,000 per investor |
| Interest Rate (Coupon) | The interest rate for each interest payment date will be determined and announced on the relevant interest determination date as the higher of:
Per annum, payable every 6 months in arrear. |
| Maturity Date* | 10 October 2028 |
| Handling Fee | 0.15% (Waived)1 |
| Important Information and Risk Disclosure | Full information (including the related risk disclosures) on the Silver Bond Series of retail bonds is only available by reading both electronic version of the issue circular and electronic version of the programme circular. For more information, please visit HKSAR Government Bonds website at http://www.hkgb.gov.hk/ |
*Note that certain circumstances (for example, a “black” rainstorm warning signal, a tropical cyclone warning signal number 8 or above or an “extreme conditions” announcement in force in Hong Kong) may result in the issue date falling on a later date. HKSAR Government may also change the subscription period and/or the issue date and/or subsequent key dates (including the interest payment dates, interest determination dates and maturity date). In such case, HKSAR Government will make an announcement on the change of date(s) on www.hkma.gov.hk and on www.hkgb.gov.hk.
Industrial and Commercial Bank of China (Asia) Limited will provide the following offers for Silver Bond 2025 including: Waiver of Handling Fee, Interest Collection Fee, Redemption Fee (early and at maturity), Deposit Transaction Charge, Custodian Fee, Transfer-In Fee and Transfer-Out Fee.
Investment involve risks. For details, please visit any of our branches. We are delighted to provide you with further information. You may also call our customer service hotline at 218 9 5588.
| KEY RISKS OF INVESTING IN RETAIL BONDS |
| Interest Rate Risk: The retail bonds carry a floating rate of interest that is calculated other than by reference to prevailing Hong Kong dollar interest rates. The return on your retail bonds may be relatively lower if the prevailing Hong Kong dollar interest rates increase during the term of the retail bonds. |
| Index risk: The retail bonds carry a rate of interest that includes a component linked to the Composite Consumer Price Index. The return on your retail bonds may be affected by movements in the index. |
| Liquidity risk: You cannot transfer your retail bonds to any other person. There will be no secondary market for your retail bonds. If you wish to sell your retail bonds before maturity, you may only submit an early redemption request to your placing bank or designated securities broker. |
| Credit risk: The retail bonds are not secured. When you buy retail bonds you will be relying on the creditworthiness of HKSAR Government. Adverse changes in the wider economic conditions in Hong Kong and the world and/or the creditworthiness of HKSAR Government may affect HKSAR Government’s ability to make payments of principal of and interest on your retail bonds. In the worst case scenario, you could lose all of your investment. |
| Intermediary risk: You can only hold retail bonds indirectly through certain institutions, whom you will have to rely on to perform a number of functions, including passing on payments of principal of and interest on your retail bonds to you and proving your interest in your retail bonds. |
| Infrastructure investment risk: The retail bonds may not necessarily be a suitable investment if you seek exposure to specific types of infrastructure projects. While the proceeds of the retail bonds will be used to fund one or more of the “Eligible Projects” as defined in the Infrastructure Bond Framework, payments under the retail bonds are not linked to the performance of the relevant Eligible Project(s). The retail bonds are not secured by income from Eligible Project(s) and you do not have any rights to the Eligible Project(s). HKSAR Government has the sole and absolute discretion to determine the allocation of the proceeds of retail bonds to the Eligible Project(s), which may be changed and/or updated from time to time. |