Tender of 1-year HONIA-indexed Floating Rate Notes under the Institutional Bond Issuance Programme to be held on Tuesday, 14 May 2024

On May 8, the Hong Kong Monetary Authority (HKMA), acting on behalf of the Hong Kong Special Administrative Region Government (HKSAR Government), announced that a tender for 1-year HONIA-indexed Floating Rate Notes (Notes) under the Institutional Bond Issuance Programme will take place on May 14, 2024. The settlement for the tender will occur on May 16, 2024. A total of HK$1.5 billion worth of 1-year Notes will be tendered. These Notes will reach maturity on May 16, 2025, and will carry interest rates linked to the Hong Kong Dollar Overnight Index Average (HONIA), payable quarterly in arrears. The tender process for the Institutional Bond Issuance Programme is exclusively open to Recognized Dealers appointed as Primary Dealers. Interested individuals can apply for the Notes through any of the Primary Dealers listed on the Hong Kong Government Bonds website. Each tender must be made for an amount of HK$50,000 or integral multiples thereof. The results of the tender will be published on the HKMA’s website, the Hong Kong Government Bonds website, the Refinitiv screen (HKGBINDEX), and Bloomberg (GBHK <GO>) no later than 3:00 pm on the day of the tender. Resources: https://www.hkma.gov.hk/eng/news-and-media/press-releases/2024/05/20240508-4/