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Kowloon Park arts fair to open

The Leisure & Cultural Services Department will launch a new phase of its Arts Fun Fair at Kowloon Park this Sunday.   It will have 16 stalls displaying and selling craftworks that feature fabric crafts, floral artworks and ornaments. Park-goers can also participate in art services such as painting and portrait sketching.   The fair will be open from 1pm to 7pm on Sundays and public holidays at the park's loggia until May 26 next year.   Visitors can enjoy the park’s beautiful scenery while appreciating a wide range of handicrafts and artworks.   The Arts Corner at Hong Kong Park is being held from noon to 6pm on Saturdays, Sundays and public holidays until December 31.   The Arts Corner at Victoria Park welcomes applications from today until June 23 for operating stalls in the coming round of the fair.   For enquiries about the fair in Kowloon Park, call 2724 3344. For questions about Hong Kong Park and Victoria Park, call 2521 5041 or 2890 5824 respectively. http:

iBond allocation announced

Subscription and allocation results for the eighth inflation-linked iBond were released today, with each valid application to be allocated up to three units.   A total of 709,198 valid applications were received for more than $53.9 billion in principal amount of bonds. The final issue amount is $20 billion.   Financial Secretary Paul Chan said the latest issuance of the iBond has been warmly received by the public, with both the volume of applications and the total application amount achieving record highs since the iBond's inaugural issuance in 2011.   He noted that the issuance of the iBond provided the public with a safe investment choice of steady return under the current low interest rate and uncertain investment environment.   It also further enhanced the investing public's interest in and awareness of bond investments, thereby promoting the development of the retail bond market in Hong Kong, he added.   The 55,381 applications for two units or less will be allocated the full amount.   The other 653,817 applications for more than two units will be allocated two units each, while 605,727 will be allocated one additional unit after a ballot.   The iBond will be issued on June 23 and listed on the Stock Exchange on June 24.  
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