HKMA announces $1.5b tender for floating notes

Minimum tender amounts start at $50,000.

The Hong Kong Monetary Authority (HKMA) announced a tender for one-year HONIA-indexed floating rate notes under the Infrastructure Bond Programme on 20 November, with settlement on 21 November.

A total of $1.5b in 1-year notes will be offered, maturing on 21 November 2025, with quarterly interest payments indexed to the Hong Kong Dollar Overnight Index Average (HONIA).

The tender is open exclusively to primary dealers appointed under the bond programme, but individuals may participate by applying through any listed primary dealer, as detailed on the Hong Kong Government Bonds website.

Minimum tender amounts start at $50,000, and results will be available on the HKMA and Government Bonds websites by 3 PM on the tender date.