2026 Silver Bond Subscription Enjoy Up to 9 Fee Waivers
All new and existing clients subscribing to the 2026 Silver Bonds through Victory Securities can enjoy full waivers on the following 9 fees*, ensuring your investment returns are protected from extra charges:
✓ Waived Subscription Fee ✓ Waived Transfer-Out Fee
✓ Waived Handling Fee ✓ Waived Interest Collection
✓ Waived Custody Fee ✓ Waived Early Redemption
✓ Waived Inactive Fee ✓ Waived Maturity Redemption
✓ Waived Transfer-In Fee
2026 Silver Bond Information
Silver Bonds are capital-protected investment instruments issued by the Hong Kong Government, tailored specifically for senior citizens aged 60 or above. They offer steady returns and carry relatively low risk, but do not guarantee capital appreciation and have lower liquidity.
| Issuing Authority | Government of the Hong Kong Special Administrative Region (HKSAR Government) |
| Issuance Purpose | Aims to provide an investment product with stable returns for local residents aged 60 or above. |
| Bond Tenure | 3 Years |
| Target Issuance Amount | HKD 50 billion, expandable up to HKD 55 billion based on market response. |
| Minimum Subscription | HKD 10,000 (Maximum allotment of up to 100 lots per applicant). |
| Annual Interest Rate | Interest is paid every 6 months at the higher of: (1) Floating Rate: Linked to Hong Kong's inflation rate (CPI). (2) Fixed Rate: 4.25% p.a. (Guaranteed minimum return rate). |
| Secondary Market Trading | No secondary market. Investors wishing to cash out early may apply for early redemption. |
▍ Eligibility Criteria
- Age Requirement: Must be born on or before December 31, 1967 (subject to the official government circular).
- Identity Document: Must hold a valid Hong Kong Identity Card (HKID).
- Application Limit: Each eligible investor may submit only ONE application. All duplicate applications will be rejected and voided.
▍ Key Dates Schedule
| Victory Subscription Period | August 21, 2026 (Fri) 09:00 AM – September 3, 2026 (Thu) 03:00 PM |
| Allocation Results Announcement | September 11, 2026 (Friday) |
| Bond Issue Date | September 15, 2026 (Tuesday) |
| Refund Date (Unsuccessful Subscriptions) | September 21, 2026 (Monday) |
▍How to Apply
- This 2026 Silver Bond subscription is restricted to applicants meeting the eligibility criteria above.
- Cash subscription deadline is 3:00 PM on September 3, 2026 (Thursday). To cancel a placed order within the deadline, please call 2525 2437.
- Please submit the completed subscription form via email, mail, via your Account Manager, or in person at Victory Securities Headquarters. For more details, please contact your Account Manager.
- Clients must ensure sufficient funds (full amount) are available in their accounts prior to subscription. Please arrange funds transfer as early as possible and submit transfer proof via VictoryX APP or email to setl@victorysec.com.hk.
- Victory Securities will contact clients via their registered phone number to confirm receipt upon receiving the subscription form.
For any inquiries regarding this Silver Bond subscription, please contact our Customer Service Hotline at 2525 2437.
Download the application form
Application form：https://strapi.victorysec.com.hk/uploads/SB_Application_form_for_Silver_Bond_2026_Final_d0db932309.pdf
2026 Silver Bond Issue Circular:
2026 Retail Bond Issuances Programme Circular:
Terms & Conditions & Risk Disclaimers:
The above campaign is subject to terms and conditions. Relevant requirements must be met during the campaign period to enjoy discounts. Fee schedules may change in real-time according to HKEX or regulatory body announcements. For inquiries, please contact Sales & Customer Service at +852 2525 2437. Victory Securities reserves the right of final decision in case of disputes, including suspending, altering, or terminating the campaign and T&Cs without prior notice. This page/T&Cs are provided by Victory Securities Company Limited and have not been reviewed by the SFC or any regulatory authority.
Information contained herein is for reference only and does not constitute professional advice, offer, solicitation, recommendation, or investment advice for any securities or financial products. Investment involves risk; security prices float and past performance is no indicator of future results.
