HKMA Announces Tender for 1-Year RMB HKSAR Bonds on March 6, 2025

The Hong Kong Monetary Authority (HKMA), representing the Hong Kong Special Administrative Region Government, has announced the upcoming tender of 1-year RMB Institutional Government Bonds under the Infrastructure Bond Programme. The tender is scheduled for Thursday, March 6, 2025, with settlement set for March 10, 2025, according to the HKMA.

Details of the Bond Issuance

The issuance involves RMB2.0 billion in 1-year bonds, maturing on March 10, 2026. These bonds will carry an interest rate of 2.12% per annum, payable semi-annually. The tender is exclusively open to Primary Dealers appointed under the Infrastructure Bond Programme, with each tender required to be for an amount of RMB50,000 or its multiples. Interested parties can access the latest list of Primary Dealers on the Hong Kong Government Bonds website.

Tender Process and Results

The tender will be conducted through a competitive process between 9:30 am and 10:30 am on the specified date. Results are expected to be published by 3:00 pm on the same day across multiple platforms, including the HKMA’s website, the Hong Kong Government Bonds website, Bloomberg, and Refinitiv.

Infrastructure Investment

The proceeds from this bond issuance will be allocated to infrastructure projects, aligning with the Infrastructure Bond Framework. This initiative underscores the government's commitment to enhancing infrastructure development within the region.

Additional Information

The bonds are designated under the stock code 85007 (HKGB2.12 2603-R) and are expected to commence trading on the Stock Exchange of Hong Kong Limited on March 11, 2025. For further details on the bond issuance, stakeholders are advised to consult the Information Memorandum available on the Hong Kong Government Bonds website or contact Primary Dealers.