Hong Kong to reopen 10-year RMB government bonds in February tender

It will mature on 20 November 2034.

The Hong Kong Monetary Authority (HKMA) has announced a tender for 10-year renminbi (RMB) government bonds under the Infrastructure Bond Programme.

The tender, scheduled for 13 February 2025, will involve the re-opening of the existing 10-year government bond issue, with an additional $1.06b (RMB1b) on offer. Settlement will take place on 17 February 2025.

The bonds, maturing on 20 November 2034, carry an annual interest rate of 2.46% payable semi-annually. As of 7 February, the indicative pricing stood at 100.47, with a semi-annualised yield of 2.406%.

The auction is open exclusively to Primary Dealers designated under the Infrastructure Bond Programme. Investors can apply through any listed Primary Dealer, with a minimum bid requirement of  $53,301 (RMB50,000) and increments in multiples thereof.