Rebeca Moen
Nov 27, 2025 11:54
The Hong Kong Monetary Authority announces a tender for the re-opening of 15-year HKD HKSAR Government Bonds on December 3, 2025, offering HK$0.5 billion with a 3.75% interest rate.
The Hong Kong Monetary Authority (HKMA), acting on behalf of the Hong Kong Special Administrative Region Government (HKSAR Government), has announced the re-opening of 15-year HKD institutional Government Bonds. This tender is scheduled for December 3, 2025, with settlement on December 4, 2025, according to the HKMA.
Details of the Bond Offering
An additional HK$0.5 billion will be offered for the existing 15-year Government Bond issue, numbered 15GB3912001, under the Infrastructure Bond Programme. These bonds will mature on December 5, 2039, carrying an interest rate of 3.75% per annum, payable semi-annually. On November 27, 2025, the indicative pricing of the bonds was set at 105.73, with an annualized yield of 3.265%.
Tender Process and Eligibility
The tender is exclusively open to Primary Dealers appointed under the Infrastructure Bond Programme. Interested parties can apply through any Primary Dealer listed on the Hong Kong Government Bonds website. The minimum tender amount is set at HK$50,000, with increments in integral multiples of the same amount. Tender results will be disseminated via the HKMA’s website, the Hong Kong Government Bonds website, Bloomberg, and Refinitiv, by 3:00 pm on the tender day.
Investment and Infrastructure Development
The proceeds from these bonds are earmarked for investment in infrastructure projects, aligning with the Infrastructure Bond Framework. This initiative supports Hong Kong’s ongoing commitment to infrastructure development, providing a secure investment vehicle for institutional investors.
Terms and Conditions
These bonds are fully fungible with the existing issue 15GB3912001, listed under stock code 4287 on the Stock Exchange of Hong Kong. Successful bidders will pay accrued interest of HK$934.93 per minimum denomination on the issue date. The interest payment dates are set for June 5 and December 5 annually, adjusted as per the terms outlined in the Institutional Issuances Information Memorandum.
For more details, potential investors are encouraged to consult the Information Memorandum available on the Hong Kong Government Bonds website or contact a Primary Dealer directly.
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Source: https://blockchain.news/news/hong-kong-reopen-15-year-government-bonds-december-tender
