Hong Kong – Tender for re-opening of 20-year HKD HKSAR Institutional Government Bonds to be hung on August 20

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Leslie Atkins
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Tender for re-opening of 20-year HKD HKSAR Institutional Government Bonds to be hung on August 20

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The following is released on behalf of the Hong Kong Monetary Authority:

The Hong Kong Monetary Authority (HKMA), as agent of the Hong Kong Special Administrative Region Government (HKSAR Government), revealed today (August 14) that a tender of 20-year HKD institutional Government Bonds (Bonds) through the re-opening of existing 20-year Government Bond problem 20GB4503001 under the Infrastructure Bond Programme will be hung on Wednesday, August 20,2025, for settlement on Thursday, August 21, 2025.

An extra quantity of HK$ 0.5 billion of the impressive 20-year Bonds (concern no. 20GB4503001) will be on deal. The Bonds will grow on March 6, 2045 and will bring interest at the rate of 3.99 percent per year payable semi-annually in arrear. The Indicative Pricings of the Bonds on August 14, 2025 are 106.00 with an annualised yield of 3.593 percent.

Tender is open just to Primary Dealers selected under the Infrastructure Bond Programme. Anybody wanting to obtain the Bonds available can do so through any of the Primary Dealers on the current released list, which can be gotten from the Hong Kong Government Bonds site at www.hkgb.gov.hk. Each tender needs to be for a quantity of HK$ 50,000 or essential multiples thereof.

Tender outcomes will be released on the HKMA’s site, the Hong Kong Government Bonds site, Bloomberg (GBHK <>) and Refinitiv (IBPGSBPINDEX). The publication time is anticipated to be no behind 3pm on the tender day.

HKSAR Institutional Government Bonds Tender Information

Tender info of 20-year HKD HKSAR Institutional Government Bonds:

Concern Number : 20GB4503001 Stock Code : 4290 (HKGB 3.99 4503) Tender Date and Time : Wednesday, August 20, 2025
9:30 am to 10:30 am Concern and Settlement Date : Thursday, August 21, 2025 Quantity available : HK$ 0.5 billion Maturity : Twenty years Staying maturity : Roughly 19.55 years Maturity Date : Monday, March 6, 2045 Rate of interest : 3.99 percent p.a. payable semi-annually in arrear Interest Payment Dates : March 6 and September 6 in each year, beginning on the Issue Date as much as and consisting of the Maturity Date, based on modification in accordance with the regards to the Institutional Issuances Information Memorandum of the Infrastructure Bond Programme and Government Sustainable Bond Programme (Information Memorandum) released on the Hong Kong Government Bonds site. Approach of Tender : Competitive tender Tender Amount : Each competitive tender needs to be for a quantity of HK$ 50,000 or important multiples thereof. Any tender applications for the Bonds need to be sent through a Primary Dealer on the most recent released list.

The accumulated interest to be paid by effective bidders on the concern date (August 21, 2025) for the tender quantity is HK$ 918.25 per minimum denomination of HK$ 50,000.

(The accumulated interest to be spent for tender quantity going beyond HK$ 50,000 might not be precisely equivalent to the figures computed from the accumulated interest per minimum denomination of HK$ 50,000 due to rounding).

Other Details : Please see the Information Memorandum offered on the Hong Kong Government Bonds site or method Primary Dealers. Anticipated start date of dealing on
the Stock Exchange
of Hong Kong Limited : The tender quantity is totally fungible with the existing 20GB4503001 (Stock code: 4290) noted on the Stock Exchange of Hong Kong. Usage of Proceeds : The Bonds will be released under the institutional part of the Infrastructure Bond Programme. Profits will be purchased facilities tasks in accordance with the Infrastructure Bond Framework released on the Hong Kong Government Bonds site.

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