Skip to Content Facebook Feature Image

HKMA Announces RMB1 Billion Tender for 2-Year Institutional Government Bonds on November 14, 2024

HK

HKMA Announces RMB1 Billion Tender for 2-Year Institutional Government Bonds on November 14, 2024
HK

HK

HKMA Announces RMB1 Billion Tender for 2-Year Institutional Government Bonds on November 14, 2024

2024-11-08 16:50 Last Updated At:16:58

Tender of 2-year RMB HKSAR Institutional Government Bonds to be held on November 14

The following is issued on behalf of the Hong Kong Monetary Authority:

The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced today (November 8) that a tender of 2-year RMB Institutional Government Bonds (Bonds) under the Infrastructure Bond Programme will be held on November 14, 2024 (Thursday), for settlement on November 18, 2024 (Monday).

A total of RMB1.0 billion 2-year RMB Bonds will be tendered. The Bonds will mature on November 18, 2026 and will carry interest at the rate of 2.04 per cent per annum payable semi-annually in arrear.

Tender is open only to Primary Dealers appointed under the Infrastructure Bond Programme. Anyone wishing to apply for the Bonds on offer can do so through any of the Primary Dealers on the latest published list, which can be obtained from the Hong Kong Government Bonds website at www.hkgb.gov.hk. Each tender must be for an amount of RMB50,000 or integral multiples thereof.

Tender results will be published on the HKMA's website, the Hong Kong Government Bonds website, Bloomberg (GBHK <GO>) and Refinitiv (IBPGSBPINDEX). The publication time is expected to be no later than 3pm on the tender day.

HKSAR Institutional Government Bonds tender information

------------------------------------------------------------------

Tender information of 2-year RMB HKSAR Institutional Government Bonds:

Issue Number

:

02GB2611001

Stock Code

:

84585 (HKGB2.04 2611-R)

Tender Date and Time

:

Thursday, November 14, 2024

9.30am to 10.30am

Issue and Settlement Date

:

Monday, November 18, 2024

Amount on Offer

:

RMB1.0 billion

Maturity

:

2 years

Maturity Date

:

Wednesday, November 18, 2026

Interest Rate

:

2.04 per cent p.a. payable semi-annually in arrear

Interest Payment Dates

:

May 18 and November 18 in each year, commencing on the Issue Date up to and including the Maturity Date, subject to adjustment in accordance with the terms of the Institutional Issuances Information Memorandum of the Infrastructure Bond Programme and Government Sustainable Bond Programme (Information Memorandum) published on the Hong Kong Government Bonds website.

Method of Tender

:

Competitive tender

Tender Amount

:

Each competitive tender must be for an amount of RMB50,000 or integral multiples thereof. Any tender applications for the Bonds must be submitted through a Primary Dealer on the latest published list.

Other Details

:

Please see the Information Memorandum available on the Hong Kong Government Bonds website or approach Primary Dealers.

Expected commencement date of dealing on

the Stock Exchange

of Hong Kong Limited

:

Tuesday, November 19, 2024

Use of Proceeds

:

The Bonds will be issued under the institutional part of the Infrastructure Bond Programme. Proceeds will be invested in infrastructure projects in accordance with the Infrastructure Bond Framework published on the Hong Kong Government Bonds website.

EMSD investigates suspension incident of Hong Kong Observation Wheel

​The Electrical and Mechanical Services Department (EMSD) is investigating the suspension incident of the Hong Kong Observation Wheel happened today (December 5).

An EMSD spokesman said, "Upon notification of the suspension incident of the Hong Kong Observation Wheel at 5.26pm today, EMSD officers immediately conducted an on-site investigation. The preliminary findings revealed that the failure of the backup system of the observation wheel has triggered the safety system to suspend the observation wheel. The operator followed the operation procedures to restart the observation wheel and release the passengers. All passengers were safely evacuated at 5.48pm, and no passengers were injured in the incident."

For safety's sake, the EMSD has requested the Hong Kong Observation Wheel to conduct a detailed inspection and reopen it only after confirming safety by the competent person of the amusement ride. The Hong Kong Observation Wheel is required to submit a report on the incident. TheEMSD will continue closely monitoring the operation of the Hong Kong Observation Wheel.

Recommended Articles