Hong Kong to Reopen Tender for 3-Year RMB Institutional Bonds in January 2026

Zach Anderson
Jan 09, 2026 08:50

The Hong Kong Monetary Authority announces a tender for reopening 3-year RMB HKSAR Institutional Government Bonds, aiming to raise RMB1.25 billion for infrastructure projects.

The Hong Kong Monetary Authority (HKMA) has announced a tender for the re-opening of 3-year RMB Institutional Government Bonds, set to take place on January 15, 2026. This initiative is part of the Hong Kong Special Administrative Region Government’s continuing efforts to bolster its infrastructure through the Infrastructure Bond Programme, according to the Hong Kong Monetary Authority.

Tender Details

The tender will offer an additional RMB1.25 billion in bonds, identified by issue number 03GB2807001. These bonds will mature on July 28, 2028, and feature an interest rate of 1.59% per annum, payable semi-annually. The indicative pricing for these bonds on January 9, 2026, was set at 99.47, with a semi-annualized yield of 1.805%.

Tenders are exclusively available to Primary Dealers appointed under the Infrastructure Bond Programme. Interested parties can apply through any Primary Dealer listed on the Hong Kong Government Bonds website. Each tender must be for a minimum of RMB50,000 or its multiples.

Publication and Settlement

The HKMA plans to publish tender results on its website, the Hong Kong Government Bonds website, Bloomberg, and Refinitiv by 3:00 pm on the tender day. Successful bidders will settle their transactions on January 19, 2026, with accrued interest of RMB381.16 per RMB50,000 denomination.

Infrastructure Investment

Funds raised from this bond issue will be directed towards infrastructure projects, as outlined in the Infrastructure Bond Framework available on the Hong Kong Government Bonds website. This aligns with the Hong Kong Government’s ongoing commitment to infrastructure development and economic growth.

Market Position

The reopening of these bonds is an indication of Hong Kong’s strategic efforts to maintain its status as a financial hub. By channeling investments into infrastructure, the government aims to bolster economic resilience and long-term growth prospects.

For further details, interested parties are encouraged to consult the Information Memorandum available on the Hong Kong Government Bonds website or directly contact Primary Dealers for more information.

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