HKMA Announces Tender for HK$1 Billion 10-Year Government Bonds on January 14, 2026

Tender for re-opening of 10-year HKD HKSAR Institutional Government Bonds to be held on January 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 (January 8) that a tender of 10-year HKD institutional Government Bonds (Bonds) through the re-opening of existing 10-year Government Bond issue 10GB3507001 under the Infrastructure Bond Programme will be held on Wednesday, January 14, 2026, for settlement on Thursday, January 15, 2026.

An additional amount of HK$1.0 billion of the outstanding 10-year Bonds (issue no. 10GB3507001) will be on offer. The Bonds will mature on July 24, 2035 and will carry interest at the rate of 3.17 per cent per annum payable semi-annually in arrear. The Indicative Pricings of the Bonds on January 8, 2026 are 100.60 with an annualised yield of 3.121 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 10-year HKD HKSAR Institutional Government Bonds:

Issue Number:

10GB3507001

Stock Code:

4294 (HKGB 3.17 3507)

Tender Date and Time:

Wednesday, January 14, 2026

9.30am to 10.30am

Issue and Settlement Date:

Thursday, January 15, 2026

Amount on Offer:

HK$1.0 billion

Maturity:

10 years

Remaining maturity:

Approximately 9.53 years

Maturity Date:

Tuesday, July 24, 2035

Interest Rate:

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

Interest Payment Dates:

January 24 and July 24 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 (January 15, 2026) for the tender amount is HK$759.93 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 10GB3507001 (Stock code: 4294) 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.

HKMA, Photo source: reference image

Collecting preferences of Wang Fuk Court flat owners to advance long-term rehousing work

A Government spokesman said today (January 9) that social workers under the "one social worker per household" service of the Social Welfare Department (SWD) are proactively contacting flat owners of Wang Fuk Court, who were affected by the fire. They are comprehensively and systematically gathering each owner's preliminary preferences regarding long-term rehousing to assist in formulating and implementing specific plans.

The Chief Executive previously instructed the Task Force on Emergency Accommodation Arrangements to co-ordinate relevant policy bureaux and departments in studying long-term rehousing solutions. Adhering to the principles of "empathy, reason, and law", with priority given to "empathy", the Task Force aims to address the individual circumstances and preferences of residents while ensuring the efficient use of resources to assist affected households in rebuilding their homes.

The spokesman said, "Social workers from the SWD have been in contact with the residents, listening to their views, understanding their actual situations and needs, and providing necessary assistance. Regarding long-term accommodation, we have noticed differing opinions among flat owners and the community. For example, some hope that the Government will acquire the properties or give priority to Wang Fuk Court flat owners to purchase Home Ownership Scheme flats. Some residents seek local rehousing, while others accept rehousing in different districts. Some propose in-situ redevelopment, but there are also concerns about the lengthy waiting times.

"We hope to systematically and comprehensively collect Wang Fuk Court flat owners' opinions, further listening to and summarising their preferences. This includes identifying key principles that the Government should consider when addressing long-term accommodation arrangements and noting the flat owners’ initial preferences for different long-term rehousing options. This information will serve as a reference for the Government's follow-up actions."

Starting today, social workers under the SWD's "one social worker per household" service will begin contacting flat owners of Wang Fuk Court to gather their initial preferences regarding various long-term rehousing arrangements. The goal is to collect responses from the flat owners by mid-to-late January for analysis.

The spokesman said, "The Task Force will carefully compile and study the different preferences of flat owners and will conduct a comprehensive assessment based on the actual conditions at Wang Fuk Court, including structural safety, technical feasibility, and community planning. We aim to provide affected flat owners with suggestions regarding long-term proposals as soon as possible for their consideration and decision-making."

He said, "The Government and affected flat owners share a same objective: to implement solutions promptly and reassure them as soon as possible."

Following the fire, the Government arranged emergency accommodation for the affected residents of Wang Fuk Court in a short time frame. As of today, more than 4 400 residents are staying in hotels, youth hostels/camps, transitional housing, units from the Hong Kong Housing Society or Po Tin Interim Housing in Tuen Mun. Since December 22 last year, the Support Fund for Wang Fuk Court in Tai Po has provided each flat owner, in tranches, with a two-year rental subsidy up to a maximum of $300,000, giving them more flexibility and options in their accommodation arrangements.