HKMA tenders HK$1.0 billion in 15-year government bonds
The Hong Kong Monetary Authority announced a tender for HK$1.0 billion in 15-year institutional Government Bonds. The re-opening of existing issue 15GB3912001 will be held on April 22, 2026, with settlement on April 23.
Key terms for the re-opening
The tender offers an additional HK$1.0 billion of the outstanding 15-year Bonds, issue number 15GB3912001. These bonds mature on December 5, 2039, and carry an annual interest rate of 3.75 percent, payable semi-annually.
As of April 20, 2026, the indicative pricing for the bonds stands at 106.35, corresponding to an annualised yield of 3.197 percent.
The remaining maturity is approximately 13.63 years.
This re-opening aims to provide further liquidity and investment opportunities within the existing Infrastructure Bond Programme, maintaining consistency with previous issuances under the same framework.
The bonds are fully fungible with the existing 15GB3912001 issue, ensuring seamless integration into current portfolios.
Tender process and infrastructure focus
Participation in the tender is exclusively open to Primary Dealers appointed under the Infrastructure Bond Programme.
Interested parties must submit their applications through one of these Primary Dealers, with each tender required to be for a minimum amount of HK$50,000 or integral multiples thereof.
The proceeds generated from the sale of these bonds will be specifically allocated to infrastructure projects, in line with the established Infrastructure Bond Framework.
This ensures that the funding directly supports the development of key public works within the Hong Kong Special Administrative Region.
Tender results are scheduled for publication on the HKMA's website and other financial data platforms no later than 3:00 pm on the tender day, April 22, 2026.