The latest round of the Hong Kong government’s Silver Bonds attracted a record number of subscriptions in both quantity and value, as the city’s elderly investors seized the opportunity to secure better returns than those offered by bank deposits. AdvertisementThe total applications for the three-year Silver Bonds were twice the government’s latest issuance of HK$50 billion (US$6.4 billion). Investors submitted 373,000 bids for HK$98.52 billion worth of bonds during the offering period, which ended at 2pm on Monday, according to a government spokesman. That surpassed the previous record in 2023 of 323,783 bids for HK$71.7 billion worth of bonds, exclusively available to those aged 60 and above. Silver Bonds are designed to provide elderly citizens with a stable and higher-yielding income stream.