Tender for re-opening of 3-year RMB HKSAR Institutional Government Bonds to be held on August 21
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 15) that a tender of 3-year RMB institutional Government Bonds (Bonds) through the re-opening of existing 3-year Government Bond issue 03GB2807001 under the Infrastructure Bond Programme will be held on August 21, 2025 (Thursday), for settlement on August 25, 2025 (Monday).
An additional amount of RMB1.25 billion of the outstanding 3-year Bonds (issue no. 03GB2807001) will be on offer. The Bonds will mature on July 28, 2028 and will carry interest at the rate of 1.59 per cent per annum payable semi-annually in arrear. The Indicative Pricings of the Bonds on August 15, 2025 are 100.14 with a semi-annualised yield of 1.540 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 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 3-year RMB HKSAR Institutional Government Bonds:
Issue Number |
: |
03GB2807001 |
Stock Code |
: |
85039 (HKGB1.59 2807-R) |
Tender Date and Time |
: |
August 21, 2025 (Thursday)
9.30am to 10.30am |
Issue and Settlement Date |
: |
August 25, 2025 (Monday) |
Amount on Offer |
: |
RMB1.25 billion |
Maturity |
: |
3 years |
Remaining maturity |
: |
Approximately 2.93 years |
Maturity Date |
: |
July 28, 2028 (Friday) |
Interest Rate |
: |
1.59per cent p.a. payable semi-annually in arrear |
Interest Payment Dates |
: |
January 28 and July 28 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.
The accrued interest to be paid by successful bidders on the issue date (August 25, 2025) for the tender amount is RMB60.99 per minimum denomination of RMB50,000.
(The accrued interest to be paid for tender amount exceeding RMB50,000 may not be exactly equal to the figures calculated from the accrued interest per minimum denomination of RMB50,000 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 03GB2807001 (Stock code: 85039) 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
Government announces updates on follow-up work on Tai Po fire
The three task forces set up by the Government for the fire at Wang Fuk Court in Tai Po - the Task Force on Investigation and Regulation, the Task Force on Emergency Support and Fund-Raising, and the Task Force on Emergency Accommodation Arrangements - are making full efforts to follow up on the support, relief, and investigation work related to the incident. Details are as follows:
Financial and welfare support
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For the Support Fund for Wang Fuk Court in Tai Po, established by the Government, donations received are about $3 billion as of noon today (December 8). In addition to the start-up capital of $300 million from the Government, the fund's total has now reached around $3.3 billion. The fund will be used to assist residents in rebuilding their homes and providing long-term and sustained support.
The Government earlier announced that the Support Fund will provide a living allowance to each affected household. As of today, 1 357 cases have been processed. The living allowance is increased from $50,000 to $100,000 and will be disbursed in phases. In addition, the Support Fund will provide families of each deceased victim with a token of solidarity of $200,000, as well as $50,000 to cover funeral costs. As of today, a total of 95 cases have been processed.
In addition, the Government has so far disbursed an emergency subsidy of $10,000 to 1 932 households, and the relevant disbursement is largely complete.
Social workers from the Social Welfare Department (SWD) have been in contact with more than 1 970 affected households, and more than 4 900 residents have been registered for the "one social worker per household" follow-up service. SWD staff also paid visits to the affected residents staying in transitional housing units in Yuen Long today and distributed Octopus cards with a face value of $2,000 to facilitate their daily travels and address their imminent needs. The SWD will maintain liaison with the affected households to provide all necessary assistance while fully supporting the relief work of the Government. Those not yet in touch with the SWD are advised to leave their contact information by calling 182 183 as soon as possible.
Accommodation support
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As of this morning, a total of 1 422 residents have been accommodated, through the co-ordination of the Home and Youth Affairs Bureau, in youth hostels, camps, or hotel rooms. Another 2 522 residents are currently living in transitional housing units provided by the Housing Bureau or units from the Hong Kong Housing Society. Moreover, the Tai Po District Office continues to operate a temporary shelter at Tai Po Community Centre, which remains open to residents in need. The other temporary shelter at Tung Cheong Street Community Hall will remain in operation until the existing users have relocated to arranged emergency accommodations.
Relief supplies and donations
---------------------------------
The supplies donation online platform, established by the Government and the information technology sector, continues to operate, facilitating the registration of supplies donations from organisations and the public. The Government has so far received over 1 600 registrations, of which approximately 30 per cent were submitted by organisations, whereas the others were contributed by the public. The various registered donation items include food and beverages, clothing, daily necessities, bedding, and electrical appliances. The Government is actively assessing residents' actual needs through the relevant policy bureau, government departments, and service organisations for the matching of donated supplies in order to distribute appropriate items in phases to places in need. So far, over 5 700 pieces of donation items covering various categories have been distributed to different places. The matching and distribution of supplies will continue.
Handling of reported missing persons
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Officers from the Disaster Victim Identification Unit continued to search the area around the buildings and near the collapsed scaffolding today, which had been confirmed as safe. No human remains were found, and the number of deceased remains at 159. The Police have contacted the families of the missing persons and those who have preliminarily identified the deceased through photographs to arrange for them to undergo DNA oral swab sampling in batches starting today for scientific identification of the deceased.
Regulation and inspection work
-----------------------------------
The emergency maintenance contractors co-ordinated by the Housing Department have completed the clearance of the miscellaneous items at the surroundings of the buildings at Wang Fuk Court today. The Independent Checking Unit (ICU) of the Housing Bureau also continued to extract concrete core samples from the affected buildings today. So far, five buildings have been covered.
The ICU has conducted inspections on the scaffoldings of the four Home Ownership Scheme courts, namely Yee Kok Court in Sham Shui Po, On Kay Court in Kwun Tong, Sui Wo Court in Sha Tin and Ching Lai Court in Sham Shui Po, as well as Fung Wah Estate in Chai Wan under the Tenants Purchase Scheme. Miscellaneous items were found on some scaffoldings. The contractor is removing the items. The ICU will closely monitor the progress.
Regarding the order to remove scaffold nets issued by the Buildings Department (BD), as of 5pm today, 227 private buildings have had their scaffold nets removed from the external walls (including two cases completed by government contractors). Work on the remaining three cases, in which the BD has accepted an extension of time, is underway and is expected to finish within this week.
The BD is striving to announce a new set of arrangements within this week that will require scaffold nets used at construction sites to be sampled on-site and certified as compliant with the relevant standards prior to installation, so that the relevant external wall work can resume as soon as possible.
The Labour Department (LD) continues to inspect fire protection facilities and the fire emergency preparedness of building maintenance work sites with large-scale scaffolding to ensure the occupational safety of workers. As of 4pm today, the LD has inspected 351 construction sites, issued a total of 180 written warnings and 96 improvement notices, and has taken out 25 prosecutions.
Source: AI-found images
