iBond (; {{sehk, 4208, SEHK:4214, SEHK:4218, SEHK:4222, SEHK:4228, SEHK:4231) is a

Hong Kong dollar The Hong Kong dollar (, currency symbol, sign: HK$; ISO 4217, code: HKD) is the official currency of the Hong Kong, Hong Kong Special Administrative Region. It is subdivided into 100 cent (currency), cents or 1000 Mill (currency), mils. The H ...

retail

inflation-indexed bond Daily inflation-indexed bonds (also known as inflation-linked bonds or colloquially as linkers) are bonds where the principal is indexed to inflation or deflation on a daily basis. They are thus designed to hedge the inflation risk of a bond. Th ...

issued by the

Hong Kong Government The Government of the Hong Kong Special Administrative Region, commonly known as the Hong Kong Government or HKSAR Government, refers to the Executive (government), executive authorities of Hong Kong Special administrative regions of China, ...

. There have been four series issued and the fifth series will be issued in 2015. The first issuance was announced in the 2011–2012 Hong Kong budget

John Tsang John Tsang Chun-wah, GBM, JP (; born Mui; born 21 April 1951) is a Hong Kong former senior civil servant and government official who was the longest-serving Financial Secretary in the Special Administrative Region period to date. Born in ...

, the fourth by the Financial Secretary since the Hong Kong handover. The rate for each interest payment will be determined by the year-on-year inflation rate of Hong Kong, which according to the Hong Kong Composite Consumer Price Index, with the lower limit of 1% return. The first iBonds were listed on

Hong Kong Stock Exchange The Stock Exchange of Hong Kong (SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. As of the end of 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is repor ...

to listing on 29 July 2011. The offered issue amount is HK$10,000,000,000.

References

iBond subscription to start – Hong Kong Information Services Department

* ttp://www.budget.gov.hk/2011/eng/budget17.html iBond – Budget Speech – The 2011–12 Budget
HKGB IBOND 1407
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2011 in Hong Kong Inflation