James Ding
Nov 27, 2025 11:25
The Hong Kong Monetary Authority will hold a tender for re-opening 5-year HKD government bonds, offering HK$2 billion at 2.70% interest rate, on December 3, 2025.
The Hong Kong Monetary Authority (HKMA), acting on behalf of the Hong Kong Special Administrative Region Government, has announced a tender for the re-opening of 5-year HKD institutional government bonds. This tender is scheduled for December 3, 2025, with settlement expected on December 4, 2025, according to a recent announcement by the HKMA.
Details of the Bond Offering
The re-opening will see an additional HK$2.0 billion of the existing 5-year bonds, identified as issue number 05GB3005002, made available. These bonds are set to mature on May 15, 2030, and carry an interest rate of 2.70% per annum, payable semi-annually. The indicative pricing for these bonds, as of November 27, 2025, stands at 101.36, yielding an annualized return of 2.392%.
Tender Participation and Requirements
Participation in this tender is limited to Primary Dealers under the Infrastructure Bond Programme. Interested parties must submit tenders through one of these dealers, with each tender required to be at least HK$50,000 or multiples thereof. Tender results will be made publicly available on various platforms, including 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.
Investment and Use of Proceeds
The bonds are part of the institutional segment of the Infrastructure Bond Programme. Proceeds from this issuance will be allocated to infrastructure projects, in line with the framework outlined on the Hong Kong Government Bonds website. This aligns with Hong Kong’s ongoing strategy to bolster its infrastructure through strategic bond offerings.
For more detailed information on the bond offering, interested parties are encouraged to consult the Information Memorandum available on the Hong Kong Government Bonds website or contact any of the appointed Primary Dealers. The bonds, identified by stock code 4293 (HKGB 2.70 3005), are fully fungible with existing stock on the Stock Exchange of Hong Kong.
Further details on this announcement can be found on the Hong Kong Monetary Authority website.
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