The Hong Kong Monetary Authority (HKMA), acting on behalf of the Hong Kong Special Administrative Region Government (HKSAR Government), announced on November 6, 2026, that it will reopen a tender for 3-year RMB Institutional Government Bonds on Thursday, November 12, 2026. The bonds, issued under the Infrastructure Bond Programme, will settle on Monday, November 16, 2026.
Key Details of the Bond Tender
The tender involves an additional RMB0.75 billion of the outstanding 5-year Government Bonds (issue number 05GB2912002). These bonds will mature on December 10, 2029, and carry an annual interest rate of 2.37%, payable semi-annually. Indicative pricing as of November 6, 2026, stands at 102.74, with a semi-annualised yield of 1.459%.
The tender is open exclusively to Primary Dealers appointed under the Infrastructure Bond Programme. Applications must be submitted through these dealers, with a minimum bid amount of RMB50,000 or integral multiples thereof. The accrued interest payable by successful bidders on the settlement date is RMB519.45 per RMB50,000 denomination.
Operational and Settlement Information
The tender will take place between 9:30 a.m. and 10:30 a.m. on November 12, 2026. Results will be published by 3:00 p.m. on the same day across multiple platforms, including the HKMA website, the Hong Kong Government Bonds website, Bloomberg (GBHK <GO>), and Refinitiv (IBPGSBPINDEX).
The bonds are fully fungible with the existing issue (stock code: 84596) listed on the Stock Exchange of Hong Kong. Proceeds from the issuance will be allocated to infrastructure projects as outlined in the Infrastructure Bond Framework.
Interest Payment Schedule
Interest payments will be made semi-annually on June 9 and December 9 each year, starting from the issue date and continuing until the maturity date. Adjustments to payment dates will follow the terms specified in the Institutional Issuances Information Memorandum.
For further details, interested parties are encouraged to consult the Information Memorandum available on the Hong Kong Government Bonds website or contact a Primary Dealer.
