Tender for re-opening of 5-year RMB HKSAR Institutional Government Bonds to be held on March 5
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 (February 27) that a tender of 5-year RMB Institutional Government Bonds (Bonds) through the re-opening of existing 5-year Government Bond issue 05GB3005001 under the Infrastructure Bond Programme will be held on March 5, 2026 (Thursday)for settlement on March 9, 2026 (Monday).
An additional amount of RMB1.25 billion of the outstanding 5-year Bonds (issue no. 05GB3005001) will be on offer. The Bonds will mature on May 15, 2030 and will carry interest at the rate of 1.97 per cent per annum payable semi-annually in arrear. The Indicative Pricings of the Bonds on February 27, 2026 are 101.08 with a semi-annualised yield of 1.702 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 5-year RMB HKSAR Institutional Government Bonds:
Issue Number |
: |
05GB3005001 |
Stock Code |
: |
85023 (HKGB1.97 3005-R) |
Tender Date and Time |
: |
March 5, 2026 (Thursday)
9.30am to 10.30am |
Issue and Settlement Date |
: |
March 9, 2026 (Monday) |
Amount on Offer |
: |
RMB1.25 billion |
Maturity |
: |
5 years |
Remaining maturity |
: |
Approximately 4.19 years |
Maturity Date |
: |
May 15, 2030 (Wednesday) |
Interest Rate |
: |
1.97 per cent p.a. payable semi-annually in arrear |
Interest Payment Dates |
: |
May 15 and November 15 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 (March 9, 2026) for the tender amount is RMB302.25 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 05GB3005001 (Stock code: 85023) 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. |
Monetary Statistics for January 2026
The following is issued on behalf of the Hong Kong Monetary Authority:
According to statistics published today (February 27) by the Hong Kong Monetary Authority, total deposits with authorized institutions decreased by 0.1 per cent in January 2026. Among the total, Hong Kong dollar deposits increased by 1.3per cent, while foreign currency deposits decreased by 1.1per cent in January, mainly reflecting fund flows of corporates. Renminbi deposits in Hong Kong increased by 3.5per cent in January to RMB993.9 billion at the end of January. The total remittance of renminbi for cross-border trade settlement amounted to RMB1,016.4 billion in January, compared with RMB1,177.4 billion in December. It should be noted that changes in deposits are affected by a wide range of factors, such as interest rate movements and fund-raising activities. It is therefore more appropriate to observe the longer-term trends, and not to over-generalise fluctuations in a single month.
Total loans and advances increased by 1.1per cent in January. Among the total, loans for use in Hong Kong (including trade finance) and loans for use outside Hong Kong increased by 0.7per cent and 2.2per cent respectively in January. The Hong Kong dollar loan-to-deposit ratio decreased to 72.3per cent at the end of January from 72.9per cent at the end of December, as Hong Kong dollar deposits increased at a faster pace than Hong Kong dollar loans.
Hong Kong dollar M2 and M3 both increased by 1.1per cent in January, and both increased by 3.8per cent when compared to a year ago. The seasonally-adjusted Hong Kong dollar M1 increased by 2.6per cent in January, and increased by 16.9per cent compared to a year ago, reflecting in part investment-related activities. Total M2 and total M3 both remained virtually unchanged in January. Compared to a year earlier, total M2 and total M3 increased by 9.9per cent and 9.8per cent respectively.
As monthly monetary statistics are subject to volatilities due to a wide range of transient factors, such as seasonal funding demand as well as business and investment-related activities, caution is required when interpreting the statistics.
Source: AI-found images
