Tender of one-year HONIA-indexed Floating Rate Notes 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 1-year HONIA-indexed Floating Rate Notes (Notes) under the Infrastructure Bond Programme will be held on Wednesday, February4, 2026, for settlement on Thursday, February 5, 2026.
A total of HK$1.5 billion 1-year HKD Notes will be tendered. The Notes will mature on February5, 2027 and will carry interest indexed to the Hong Kong Dollar Overnight Index Average (HONIA), payable quarterly in arrear.
Tender is open only to Primary Dealers appointed under the Infrastructure Bond Programme. Anyone wishing to apply for the Notes 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 1-year HONIA-indexed Floating Rate Notes:
Issue Number:
01GH2702001
Stock Code:
4200 (HKGB FRN 2702)
Tender Date and Time:
Wednesday, February4, 2026
9.30 am to 10.30 am
Issue and Settlement Date:
Thursday, February5, 2026
Amount on Offer:
HK$1.5 billion
Issue Price:
At par
Maturity:
1 year
Maturity Date:
Friday, February5, 2027
Interest Rate:
Indexed to the sum of the annualised compounded average of daily HONIA in each interest period and the highest accepted spread at tender, subject to a minimum of 0 per cent per interest period. Details on calculation of interest rate are available at 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.
Interest Period End Dates:
May 5, 2026
August 5, 2026
November 5, 2026
February 5, 2027
Interest Payment Dates:
May 7, 2026
August 7, 2026
November 9, 2026
February 9, 2027
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 Notes 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:
Friday, February6, 2026
Use of Proceeds:
The Notes 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
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.
Global first Hong Kong dragon boat races of 2026 successfully held in Dubai, along with presentation of culture and tourism experiences Source: HKSAR Government Press Releases
Global first Hong Kong dragon boat races of 2026 successfully held in Dubai, along with presentation of culture and tourism experiences Source: HKSAR Government Press Releases
Global first Hong Kong dragon boat races of 2026 successfully held in Dubai, along with presentation of culture and tourism experiences Source: HKSAR Government Press Releases
Global first Hong Kong dragon boat races of 2026 successfully held in Dubai, along with presentation of culture and tourism experiences Source: HKSAR Government Press Releases
Global first Hong Kong dragon boat races of 2026 successfully held in Dubai, along with presentation of culture and tourism experiences Source: HKSAR Government Press Releases
Global first Hong Kong dragon boat races of 2026 successfully held in Dubai, along with presentation of culture and tourism experiences Source: HKSAR Government Press Releases
Global first Hong Kong dragon boat races of 2026 successfully held in Dubai, along with presentation of culture and tourism experiences Source: HKSAR Government Press Releases
Global first Hong Kong dragon boat races of 2026 successfully held in Dubai, along with presentation of culture and tourism experiences Source: HKSAR Government Press Releases
Global first Hong Kong dragon boat races of 2026 successfully held in Dubai, along with presentation of culture and tourism experiences Source: HKSAR Government Press Releases
Global first Hong Kong dragon boat races of 2026 successfully held in Dubai, along with presentation of culture and tourism experiences Source: HKSAR Government Press Releases
Global first Hong Kong dragon boat races of 2026 successfully held in Dubai, along with presentation of culture and tourism experiences Source: HKSAR Government Press Releases
Global first Hong Kong dragon boat races of 2026 successfully held in Dubai, along with presentation of culture and tourism experiences Source: HKSAR Government Press Releases
Global first Hong Kong dragon boat races of 2026 successfully held in Dubai, along with presentation of culture and tourism experiences Source: HKSAR Government Press Releases
Global first Hong Kong dragon boat races of 2026 successfully held in Dubai, along with presentation of culture and tourism experiences Source: HKSAR Government Press Releases
Global first Hong Kong dragon boat races of 2026 successfully held in Dubai, along with presentation of culture and tourism experiences Source: HKSAR Government Press Releases
