Tender of 3-year HKD HKSAR Institutional Government Bonds to be held on April 24
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 (April 17) that a tender of 3-year HKD Institutional Government Bonds (Bonds) under the Infrastructure Bond Programme will be held on Thursday, April 24, 2025, for settlement on Friday, April 25, 2025.
A total of HK$4.5 billion 3-year HKD Bonds will be tendered. The Bonds will mature on April 25, 2028 and will carry interest at the rate of 2.76 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 HK$50,000 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 3-year HKD HKSAR Institutional Government Bonds:
Issue Number |
: |
03GB2804001 |
Stock Code |
: |
4291 (HKGB 2.76 2804) |
Tender Date and Time |
: |
Thursday, April 24, 2025
9.30am to 10.30am |
Issue and Settlement Date |
: |
Friday, April 25, 2025 |
Amount on Offer |
: |
HK$4.5 billion |
Maturity |
: |
3 years |
Maturity Date |
: |
Tuesday, April 25, 2028 |
Interest Rate |
: |
2.76% p.a. payable semi-annually in arrear |
Interest Payment Dates |
: |
April 25 and October 25 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 HK$50,000 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 websiteor approach Primary Dealers. |
Expected commencement date of dealing on
the Stock Exchange
of Hong Kong Limited |
: |
Monday, April 28, 2025 |
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. |
HKSAR Government strongly condemns US senators' despicable attempt to intimidate HKSAR personnel safeguarding national security
The Hong Kong Special Administrative Region (HKSAR) Government today (May 17) strongly condemned those United States (US) senators who requested a review, through a so-called "bill", of including a number of judges, and prosecutors of the Department of Justice (DoJ), in a so-called list of "sanctions" in an attempt to intimidate the HKSAR personnel concerned who safeguard national security.
A spokesman for the HKSAR Government said, "It is clear that safeguarding national security falls within the internal affairs of a sovereign jurisdiction, so the implementation of the Hong Kong National Security Law (HKNSL) is free from any intervention. However, those US politicians insist on turning a blind eye to all these facts, and even clamour for so-called 'sanctions' against the HKSAR personnel and judges who dutifully safeguard national security. The HKSAR despises any so-called 'sanctions' and shall never be intimidated. It shall continue to resolutely discharge the responsibility of safeguarding national security. The HKSAR Government strongly urges the US politicians concerned to discern facts from fallacies, and immediately stop acting against the international law and basic norms of international relations and interfering in Hong Kong matters, which are purely China's internal affairs."
The spokesman pointed out, "Nearly five years having passed since the implementation of the HKNSL, the HKSAR law enforcement agencies have been taking law enforcement actions based on evidence and strictly in accordance with the law in respect of the acts of the persons or entities concerned, which have nothing to do with their political stance, background or occupation. The DoJ of the HKSAR is in charge of criminal prosecutions under Article 63 of the Basic Law, with all its prosecutorial decisions made on an objective analysis of all admissible evidence and applicable laws."
"The Judiciary of the HKSAR exercises judicial power independently in accordance with the law, and everyone charged with a criminal offence has the right to a fair hearing. The courts decide cases strictly in accordance with the evidence and all applicable laws. Cases will never be handled any differently owing to the professions, political beliefs or backgrounds of the persons involved. The prosecution has the burden to prove beyond reasonable doubt the commission of an offence before a defendant may be convicted by the court."
"The judicial system of the HKSAR has always been highly regarded by international communities. Any attempt by any country, organisation, or individual to interfere with the judicial proceedings in the HKSAR by means of political power is a reprehensible act undermining the rule of law of the HKSAR. Making any statement with the intent to interfere with or obstruct the course of justice, or engaging in conduct with the same intent, is very likely to constitute the offence of criminal contempt of court or the offence of perverting the course of justice."
The spokesman reiterated, "The HKSAR steadfastly safeguards national sovereignty, security and development interests, and fully and faithfully lives up to this top priority of the 'one country, two systems' principle. The HKSAR Government will, as always, resolutely, fully and faithfully implement the HKNSL, the Safeguarding National Security Ordinance and other relevant laws safeguarding national security in the HKSAR, to effectively prevent, suppress and impose punishment for acts and activities endangering national security in accordance with the law, whilst upholding the rights and freedoms of Hong Kong people in accordance with the law, so as to ensure the steadfast and successful implementation of the principle of 'one country, two systems'."
