Tender of 10-year HKD HKSAR Institutional Government Bonds to be held on Wednesday, 15 January 2025

The Hong Kong Monetary Authority (HKMA), on behalf of the Hong Kong Special Administrative Region Government (HKSAR Government), announced on 9 January 2025 that a tender for 10-year HKD Institutional Government Bonds under the Infrastructure Bond Programme will take place on Wednesday, 15 January 2025, with settlement scheduled for Thursday, 16 January 2025. A total of HK$2.0 billion in bonds, carrying an interest rate of 3.84% per annum payable semi-annually, will be offered. These bonds, maturing on 16 January 2035, are available for competitive tender exclusively through Primary Dealers under the Infrastructure Bond Programme. Applications must be for amounts of HK$50,000 or integral multiples thereof, submitted via the Primary Dealers listed on the Hong Kong Government Bonds website (https://www.hkgb.gov.hk). Tender results will be published on the HKMA website, the Hong Kong Government Bonds website, Bloomberg (GBHK <GO>), and Refinitiv (IBPGSBPINDEX) by 3:00 pm on the tender day. Proceeds from the bonds will be allocated to infrastructure projects under the Infrastructure Bond Framework. Trading on the Hong Kong Stock Exchange is expected to commence on 17 January 2025. Further details are available in the Information Memorandum on the Hong Kong Government Bonds website. Resources: https://www.hkma.gov.hk/eng/news-and-media/press-releases/2025/01/20250109-5/