HKMA announces tender for RMB1.25 billion 3-year government bonds
The Hong Kong Monetary Authority (HKMA) announced a tender for RMB1.25 billion of 3-year institutional Government Bonds. The tender for the re-opened issue will be held on Thursday, 15 January 2026.
RMB1.25 billion on offer
An additional amount of RMB1.25 billion of the outstanding 3-year Bonds (issue no. 03GB2807001) will be on offer.
These Bonds will mature on 28 July 2028 and carry an interest rate of 1.59 percent per annum, payable semi-annually in arrear.
The Indicative Pricings of the Bonds on 9 January 2026 were 99.47 with a semi-annualised yield of 1.805 percent.
Tender is open only to Primary Dealers appointed under the Infrastructure Bond Programme.
Each tender must be for an amount of RMB50,000 or integral multiples thereof.
The accrued interest to be paid by successful bidders on the issue date (19 January 2026) for the tender amount is RMB381.16 per minimum denomination of RMB50,000.
Tender process and infrastructure funding
The tender for the 3-year RMB HKSAR Institutional Government Bonds will take place on Thursday, 15 January 2026, from 9:30 am to 10:30 am.
The issue and settlement date is Monday, 19 January 2026.
Tender results will be published on the HKMA's website and the Hong Kong Government Bonds website by 3:00 pm on the tender day.
The bonds are issued under the institutional part of the Infrastructure Bond Programme.
Proceeds from the tender will be invested in infrastructure projects, in line with the Infrastructure Bond Framework published on the Hong Kong Government Bonds website.
The tender amount is fully fungible with the existing 03GB2807001 listed on the Stock Exchange of Hong Kong.