HKMA Announces Tender for HKD 20-Year Government Bonds on February 4, 2026

2026-01-29 17:00 Last Updated At：18:35

Tender for re-opening of 20-year HKD HKSAR Institutional Government Bonds to be held on February 4

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 29) 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 February 4, 2026 (Wednesday), for settlement on February 5, 2026 (Thursday).

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 January 29, 2026, are 102.54 with an annualised yield of 3.838 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:

February 4, 2026 (Wednesday)

9.30am to 10.30am

Issue and Settlement Date:

February 5, 2026 (Thursday)

Amount on Offer:

HK$0.5 billion

Maturity:

20 years

Remaining maturity:

Approximately 19.09 years

Maturity Date:

March 6, 2045 (Monday)

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 (February 5, 2026) for the tender amount is HK$814.40 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.

Hong Kong Dragon Boat Challenge Unites Cultures in Dubai with Record Participation and Cultural Festivities

Global first Hong Kong dragon boat races of 2026 successfully held in Dubai, along with presentation of culture and tourism experiences

Presented by the Hong Kong Economic and Trade Office in Dubai (Dubai ETO), the fourth edition of the Hong Kong Dragon Boat Challenge was successfully held in Dubai, United Arab Emirates (UAE) on January 24 and 25 (Dubai Time), marking the world's first Hong Kong dragon boat races of 2026 to kickstart races in various places.

Held at the Dubai Creek, the two-day event was joined by over 1,500 competitors of different nationalities and backgrounds. With the support of the Consulate General of the People's Republic of China in Dubai, this year's races saw a record high 62 teams, with participation from all the seven emirates of the UAE for the first time. The Dubai ETO and the Consulate General also formed joint teams comprising members from the Hong Kong and Chinese communities living in the UAE to participate in the races.

Speaking at the award presentation ceremony, the Director-General of the Dubai ETO, Mr Simon Chan, highlighted that dragon boat is more than a competition. With its deep roots in fine traditional Chinese culture, it symbolises strength, resilience, friendship, and unity. He noted that the successful hosting of a large-scale dragon boat event in the international metropolis of Dubai, where the joy of this sport is shared with people from diverse cultural backgrounds, fully reflects the increasingly close people ties, cultural exchanges and friendly interactions between Hong Kong and the UAE.

Beyond the thrilling races which attracted large crowds of spectators, this year's programme also offered new cultural and tourism elements for visitors' experience, including lion dance, cultural performances and authentic Hong Kong flavours – from Hong Kong style milk tea and pineapple buns with butter to curry fish balls and dim sum – offering a true taste of Hong Kong in Dubai, which were equally popular with long lines queueing up. The Dubai ETO and the Hong Kong Tourism Board (HKTB) also set up promotional booths at the venue to provide information about Hong Kong and promote its various tourist attractions to athletes and guests.

Mr Chan and the Consul-General of the People's Republic of China in Dubai, Ms Ou Boqian, jointly presented awards to winners of different categories of races, and congratulated the best performing team who will be invited to participate in the international dragon boat races to be held in Hong Kong by HKTB later this year .

"This year's event not only strengthens the bond between Hong Kong and various sectors of the UAE, but also provides the exciting opportunity for our friends in the UAE to visit Hong Kong, so as to discover and experience the extraordinary charm of Asia's world city for themselves," said Mr Chan.

Dubai ETO will continue to organise various events in the member states of the Cooperation Council for the Arab States of the Gulf, with the aim of promoting exchanges and collaborations in areas such as trade and business, culture, tourism and education.

HKMA Announces Tender for HKD 20-Year Government Bonds on February 4, 2026

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HKMA Announces Tender for HKD 20-Year Government Bonds on February 4, 2026

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