Retail Bonds

107.    We have launched five issuances of inflation-linked retail bonds (iBond) since 2011 under the Government Bond Programme.  The issuances have all been well received and have enhanced people's understanding of and interest in retail bonds.  I shall launch another iBond issue of up to $10 billion with a maturity period of three years following the existing practice.  HKMA will announce the details in due course.