Timothy Morano
Jun 19, 2025 04:08
The Hong Kong Monetary Authority announces a tender for reopening 3-year HKD government bonds, offering HK$1.25 billion, set for June 25, 2025.
The Hong Kong Monetary Authority (HKMA), representing the Hong Kong Special Administrative Region Government, has announced the reopening of its 3-year Hong Kong Dollar (HKD) government bonds. The tender, scheduled for June 25, 2025, will offer an additional HK$1.25 billion of the outstanding bonds, as per the official announcement from the HKMA. [Source: HKMA]
Details of the Bond Reopening
The bonds, identified by issue number 03GB2804001, are part of the Infrastructure Bond Programme. They carry an interest rate of 2.76% per annum, paid semi-annually, and are set to mature on April 25, 2028. The indicative pricing as of June 19, 2025, stands at 102.45 with an annualized yield of 1.882%.
Tender Participation
Participation in the tender is restricted to Primary Dealers listed under the Infrastructure Bond Programme. Interested parties must apply through these dealers, with each tender requiring a minimum bid of HK$50,000 or its multiples. The accrued interest for successful bids will be HK$234.41 per minimum denomination on the issue date of June 26, 2025.
Publication of Tender Results
Results will be disclosed on the HKMA’s website, the Hong Kong Government Bonds website, and financial platforms such as Bloomberg and Refinitiv by 3:00 pm on the day of the tender. This transparency allows market participants to stay informed about the tender outcomes.
Utilization of Proceeds
The raised funds will support infrastructure projects in Hong Kong, aligning with the objectives of the Infrastructure Bond Framework. This initiative is part of the broader strategy to bolster public infrastructure development.
The bonds will be fully fungible with the existing issue listed on the Stock Exchange of Hong Kong, facilitating seamless integration into the existing financial market infrastructure.
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