HKMA to tender $1.6b in 2-year bonds on February 13

The bonds carry a 2.04% annual interest rate.

The Hong Kong Monetary Authority (HKMA) will tender $1.6b (RMB1.5b) in two-year government bonds on 13 February. Settlement will take place on 17 February 2025.

The bonds mature on 18 November 2026, and carry a 2.04% annual interest rate, payable semi-annually. As of 7 February, the indicative pricing is 99.89, with a semi-annualised yield of 2.103%.

Only Primary Dealers under the Infrastructure Bond Programme can participate. Bids must be at least $53,301 (RMB50,000) and in multiples thereof.

Tender results will be published on the HKMA website, Hong Kong Government Bonds website, Bloomberg (GBHK <GO>), and Refinitiv (IBPGSBPINDEX) by 3:00 pm on 13 February.