iBond Opens for Subscription With 1% Floor Rate

What’s the appeal of iBond?

The government’s inflation-linked iBond opens for subscription today: HK$10,000 entry, 3-year tenor, floating payouts every six months based on average composite inflation, floored at 1% — available via 20 banks, brokers and CCASS until next Tuesday. No queues were seen at HSBC Mongkok this morning as the market watches demand.

What should MPF members note?

iBond’s inflation shield is a reminder for conservative members to review their mix: parked only in guaranteed funds, savings can lag inflation. Compare capital-preservation and bond funds’ track records and fees to make retirement money work harder.