Iris Coleman
Jul 17, 2025 10:26
The Hong Kong Monetary Authority is set to conduct a tender for 10-year HKD Institutional Government Bonds on July 23, 2025, with bonds maturing in 2035 at a 3.17% interest rate.
The Hong Kong Monetary Authority (HKMA) has announced an upcoming tender for 10-year Hong Kong Dollar (HKD) Institutional Government Bonds, scheduled for July 23, 2025. This tender is part of the Infrastructure Bond Programme, as detailed by the HKMA, representing the Hong Kong Special Administrative Region Government (HKSAR Government).
Details of the Bond Issuance
According to the HKMA, the tender will offer a total of HK$2.0 billion in 10-year bonds, which are set to mature on July 24, 2035. These bonds will carry an interest rate of 3.17% per annum, payable semi-annually in arrears. The bonds are intended for Primary Dealers appointed under the Infrastructure Bond Programme, with each tender requiring a minimum amount of HK$50,000 or multiples thereof.
Procedure and Timing
The tender will be conducted between 9:30 am and 10:30 am on the specified date, with settlement scheduled for the following day, July 24, 2025. Results from the tender will be made available on the HKMA’s website, the Hong Kong Government Bonds website, Bloomberg, and Refinitiv, no later than 3:00 pm on the day of the tender.
Market Implications
The issuance falls under the institutional segment of the Infrastructure Bond Programme, and proceeds from the bonds will be directed towards infrastructure projects, as outlined in the Infrastructure Bond Framework. This move is expected to bolster Hong Kong’s infrastructure development initiatives.
Additional Information
The issued bonds are expected to commence trading on the Stock Exchange of Hong Kong Limited on July 25, 2025. Interested parties can refer to the Information Memorandum available on the Hong Kong Government Bonds website or contact the designated Primary Dealers for further details.
For further information, the official announcement can be accessed on the Hong Kong Monetary Authority website.
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