Hong Kong raises Silver Bonds coupon rate to 4.25% for latest batch

Hong Kong is raising the guaranteed coupon rate for its 11th batch of Silver Bonds for senior citizens, amid market expectations that the US Federal Reserve will raise interest rates later this year. Up to HK$50 billion (US6.4 billion) of Silver Bonds will go on sale this month with a guaranteed annual coupon of 4.25 per cent, up from 3.85 per cent for the batch sold in September last year, the government announced on Thursday. The three-year bonds will be on sale from 9am on August 21 until 2pm...