Hong Kong to Hold Tender for 2-Year RMB Government Bonds in August 2025

The Hong Kong Monetary Authority (HKMA) has announced the upcoming tender for 2-year RMB Institutional Government Bonds, scheduled for August 14, 2025. This tender is part of the Infrastructure Bond Programme, aimed at supporting infrastructure projects in the region, according to the Hong Kong Monetary Authority.

Bond Details and Schedule

The tender will offer a total of RMB1.5 billion in bonds, with a maturity date set for August 18, 2027. These bonds will carry an annual interest rate of 1.54%, payable semi-annually. The tender is exclusively open to Primary Dealers appointed under the Infrastructure Bond Programme, and applications must be submitted through these dealers.

Each tender must be for an amount of RMB50,000 or its multiples. The tendering process will take place between 9:30 am and 10:30 am on the designated date, with settlement scheduled for August 18, 2025. The bond issuance will facilitate investment in infrastructure projects, aligning with the objectives outlined in the Infrastructure Bond Framework.

Publication and Trading

The results of the tender will be made public on several platforms, including the HKMA website, the Hong Kong Government Bonds website, Bloomberg, and Refinitiv, no later than 3:00 pm on the tender day. Trading is expected to commence on the Hong Kong Stock Exchange on August 19, 2025.

Context and Implications

This bond issuance is part of a broader strategy to enhance Hong Kong’s infrastructure financing capabilities, offering investors a secure avenue for investment in regional development projects. The proceeds from these bonds will be directed towards infrastructure projects, contributing to the sustainable growth of Hong Kong’s economy.

Investors interested in participating in the tender can access further details and the list of Primary Dealers on the Hong Kong Government Bonds website. This move by the HKMA underscores the ongoing efforts to leverage financial instruments for infrastructure development, a critical component for the region’s economic resilience and growth.

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