HKMA Announces Tender for 10-Year Government Bonds Reopening

The Hong Kong Monetary Authority (HKMA), representing the Hong Kong Special Administrative Region Government, has announced a tender for the reopening of its 10-year Hong Kong Dollar (HKD) Institutional Government Bonds. The auction is set to take place on January 14, 2026, with settlement scheduled for the following day, according to the HKMA.

Tender Details

An additional HK$1.0 billion of the existing 10-year Bonds, issue number 10GB3507001, will be offered. These bonds are part of the Infrastructure Bond Programme and mature on July 24, 2035. They carry an interest rate of 3.17% per annum, payable semi-annually. As of January 8, 2026, the bonds are priced at 100.60, with an annualized yield of 3.121%.

The tender is exclusively open to Primary Dealers appointed under the Infrastructure Bond Programme. Interested parties must apply through these dealers, and each tender must amount to HK$50,000 or its multiples. The list of Primary Dealers is available on the Hong Kong Government Bonds website.

Publication and Trading

Results from the tender will be published on the HKMA’s website, as well as other platforms such as Bloomberg and Refinitiv, by 3:00 pm on the day of the tender. The bonds will be fungible with the existing issue listed on the Stock Exchange of Hong Kong, allowing for seamless trading post-auction.

Investment and Use of Proceeds

The proceeds from this bond issuance will be directed towards infrastructure projects, in line with the Infrastructure Bond Framework. This aligns with the government's strategic investment in sustainable and long-term projects.

For more detailed information, including the Information Memorandum, interested parties are encouraged to visit the Hong Kong Government Bonds website or contact the Primary Dealers directly. Further details about the tender, including accrued interest calculations and investment guidelines, are also available on the site.

For the official announcement, visit the Hong Kong Monetary Authority.