Iris Coleman
Jul 17, 2025 21:59
The Hong Kong Monetary Authority will reopen 3-year HKD Institutional Government Bonds on July 23, 2025, offering HK$2.0 billion with a 2.76% interest rate.
The Hong Kong Monetary Authority (HKMA), acting on behalf of the Hong Kong Special Administrative Region Government, has announced the reopening of its 3-year HKD Institutional Government Bonds. The tender is scheduled for Wednesday, July 23, 2025, with settlement on the following day, according to the Hong Kong Monetary Authority.
Tender Details
The re-opening involves an additional issuance of HK$2.0 billion for the existing 3-year Government Bond, known by its issue number 03GB2804001. These bonds are set to mature on April 25, 2028, and carry an interest rate of 2.76% per annum, payable semi-annually. The indicative pricing as of July 17, 2025, was 101.77, yielding an annualised return of 2.109%.
Eligibility and Application Process
Participation in the tender is restricted to Primary Dealers designated under the Infrastructure Bond Programme. Interested parties must submit applications through these dealers, with each tender requiring a minimum of HK$50,000 or multiples thereof. A list of eligible Primary Dealers can be accessed via the Hong Kong Government Bonds website.
Publication and Trading
The results of the tender will be disclosed on multiple platforms, including the HKMA’s website, the Hong Kong Government Bonds website, Bloomberg, and Refinitiv, by 3:00 pm on the tender day. The bonds will be fully fungible with those already listed on the Stock Exchange of Hong Kong under the stock code 4291.
Utilization of Proceeds
The proceeds from this bond issuance will be directed towards infrastructure projects, aligning with the Infrastructure Bond Framework. This initiative is part of the broader strategy to support sustainable development within the region.
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