Tender for re-opening of 20-year HKD HKSAR Institutional Government Bonds to be held on August 20
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 (August 14) that a tender of 20-year HKD institutional Government Bonds (Bonds) through the re-opening of existing 20-year Government Bond issue 20GB4503001 under the Infrastructure Bond Programme will be held on Wednesday, August 20,2025, for settlement on Thursday, August 21, 2025.
An additional amount of HK$0.5 billion of the outstanding 20-year Bonds (issue no. 20GB4503001) will be on offer. The Bonds will mature on March 6, 2045 and will carry interest at the rate of 3.99per cent per annum payable semi-annually in arrear. The Indicative Pricings of the Bonds on August 14, 2025 are 106.00 with an annualised yield of 3.593 per cent.
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 20-year HKD HKSAR Institutional Government Bonds:
Issue Number |
: |
20GB4503001 |
Stock Code |
: |
4290 (HKGB 3.99 4503) |
Tender Date and Time |
: |
Wednesday, August 20, 2025
9:30 am to 10:30 am |
Issue and Settlement Date |
: |
Thursday, August 21, 2025 |
Amount on Offer |
: |
HK$0.5 billion |
Maturity |
: |
20 years |
Remaining maturity |
: |
Approximately 19.55 years |
Maturity Date |
: |
Monday, March 6, 2045 |
Interest Rate |
: |
3.99per cent p.a. payable semi-annually in arrear |
Interest Payment Dates |
: |
March 6 and September 6 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.
The accrued interest to be paid by successful bidders on the issue date (August 21, 2025) for the tender amount is HK$918.25 per minimum denomination of HK$50,000.
(The accrued interest to be paid for tender amount exceeding HK$50,000 may not be exactly equal to the figures calculated from the accrued interest per minimum denomination of HK$50,000 due to rounding). |
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 |
: |
The tender amount is fully fungible with the existing 20GB4503001 (Stock code: 4290) listed on the Stock Exchange of Hong Kong. |
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. |
Source: AI-found images
EPD highly concerned over industrial accident at yard waste recycling centre
The Environmental Protection Department (EPD) is highly concerned over an industrial accident that occurred yesterday (January 16) at the yard waste recycling centre, Y·PARK in Tuen Mun, and extends its sympathies to the injured worker and his family members.
At around 2pm yesterday, a worker sustained injury when his left palm was severed while attempting to clear stuck debris at an operating wood chipping machine. He remained conscious and was sent to Tuen Mun Hospital for treatment. The EPD immediately deployed staff to the hospital after the incident to understand the condition of the injured and provide his family members with appropriate assistance.
The EPD notified the Labour Department and the Police in the first instance. Staff from the Labour Department conducted on-site inspection and issued a suspension notice to the contractor, requiring suspension of operation of the concerned machinery until all improvement measures have been implemented. The EPD requested the contractor to fully co-operate with the Labour Department in its investigation, and demanded an incident report from the contractor within three days.
The safety of its facilities remains the top priority of the EPD, with close monitoring of contractors' operation in place. On the contractor's front, daily regular on-site inspections on occupational safety conditions and safety training for employees and its subcontractors are part of their requirements.
