Tony Kim
Aug 01, 2025 19:45
The Hong Kong Financial Authority will conduct a young for the re-opening of 10-year RMB HKSAR Institutional Authorities Bonds on August 7, 2025, providing RMB1.5 billion to major sellers.
The Hong Kong Financial Authority (HKMA) is ready to reopen its 10-year RMB HKSAR Institutional Authorities Bonds by means of a young scheduled for August 7, 2025, in accordance with the HKMA’s announcement on August 1, 2025. The reopening will supply an extra RMB1.5 billion of the excellent bonds, recognized by situation quantity 10GB3505001, beneath the Infrastructure Bond Programme.
Tender Particulars
The bonds on supply will mature on Might 15, 2035, and carry an rate of interest of two.29% each year, payable semi-annually. The indicative pricing as of August 1, 2025, is 104.23, with a semi-annualized yield of 1.816%. The tender is solely out there to major sellers appointed beneath the Infrastructure Bond Programme, and functions should be submitted in quantities of RMB50,000 or its multiples.
The tender outcomes might be out there on a number of platforms, together with the HKMA’s web site, the Hong Kong Authorities Bonds web site, Bloomberg, and Refinitiv, no later than 3:00 pm on the tender day. Profitable bidders might be required to pay accrued curiosity of RMB276.05 per RMB50,000 denomination on the problem date, August 11, 2025.
Infrastructure Funding
The proceeds from the bond issuance might be directed in direction of infrastructure initiatives, adhering to the Infrastructure Bond Framework outlined on the Hong Kong Authorities Bonds web site. The bonds might be totally fungible with the prevailing situation 10GB3505001, listed on the Inventory Change of Hong Kong beneath inventory code 85024.
Market Context
This reopening of the RMB bonds comes amidst a backdrop of accelerating curiosity in Hong Kong’s bond market, as traders search secure returns amidst international financial uncertainties. The HKMA’s strategic bond issuance aligns with its broader targets of enhancing monetary stability and funding key infrastructure developments inside the area.
For extra particulars, the official announcement will be accessed on the HKMA web site.
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