IBond
Encyclopedia
iBond is a Hong Kong dollar
retail inflation-indexed bond
s issued by the Hong Kong Government. It was announced in 2011–2012 government budget of Hong Kong by John Tsang
, the fourth 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 bonds are excepted to be approve by the Hong Kong Stock Exchange
to listing on 29 July 2011. The offered issue amount is HK$10,000,000,000.
Hong Kong dollar
The Hong Kong dollar is the currency of the jurisdiction. It is the eighth most traded currency in the world. In English, it is normally abbreviated with the dollar sign $, or alternatively HK$ to distinguish it from other dollar-denominated currencies...
retail inflation-indexed bond
Inflation-indexed bond
Inflation-indexed bonds are bonds where the principal is indexed to inflation. They are thus designed to cut out the inflation risk of an investment. The first known inflation-indexed bond was issued by the Massachusetts Bay Company in 1780...
s issued by the Hong Kong Government. It was announced in 2011–2012 government budget of Hong Kong by John Tsang
John Tsang
John Tsang Chun-wah , GBM, JP, is the current Financial Secretary of Hong Kong. His responsibility is to assist the Chief Executive of Hong Kong in overseeing policy formulation and implementation in financial, monetary, economic, trade and employment matters. He exercises control over the...
, the fourth Financial Secretary
Financial Secretary (Hong Kong)
Financial Secretary , often abbreviated as FS, is a position of the Government of Hong Kong. The FS assists the Chief Executive in supervising the policy bureaux as directed by the CE, mostly finance and economy-related, and plays a key role in ensuring harmonisation in policy formulation and...
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 bonds are excepted to be approve by the Hong Kong Stock Exchange
Hong Kong Stock Exchange
The Hong Kong Stock Exchange is a stock exchange located in Hong Kong. It is Asia's third largest stock exchange in terms of market capitalization behind the Tokyo Stock Exchange and the Shanghai Stock Exchange and fifth largest in the world...
to listing on 29 July 2011. The offered issue amount is HK$10,000,000,000.