Hong Kong Monetary Authority Announces 5-Year RMB Bond Re-Opening

The Hong Kong Monetary Authority (HKMA) has announced a significant financial event scheduled for mid-August. According to the HKMA, a tender for the re-opening of 5-year RMB HKSAR Institutional Government Bonds will take place on August 14, 2025. This move is part of the Infrastructure Bond Programme, with settlement set for August 18, 2025.

Bond Details and Offer Amount

The re-opened bonds, identified as issue no. 05GB3005001, will see an additional RMB1.25 billion offered. These bonds will mature on May 15, 2030, and carry an interest rate of 1.97% per annum, payable semi-annually. The indicative pricing for these bonds, as of August 8, 2025, stands at 101.22, with a semi-annualised yield of 1.702%.

Eligibility and Application Process

Participation in the tender is restricted to Primary Dealers appointed under the Infrastructure Bond Programme. Interested parties can apply through any of the Primary Dealers listed on the Hong Kong Government Bonds website. Each tender must be submitted for a minimum amount of RMB50,000 or in integral multiples thereof.

Publication of Results

The results of the tender will be made available on several platforms, including the HKMA’s website, the Hong Kong Government Bonds website, Bloomberg, and Refinitiv, by 3:00 pm on the day of the tender.

Infrastructure Investment and Market Impact

The proceeds from the bond issue will be directed towards infrastructure projects, aligning with the Infrastructure Bond Framework. This strategic allocation is expected to bolster Hong Kong’s infrastructure capabilities and support economic growth.

For more information and detailed guidelines, interested parties can refer to the Information Memorandum available on the Hong Kong Government Bonds website or contact the designated Primary Dealers. [source name]

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