Tender of 2-year RMB HKSAR Institutional Government Bonds through re-opening to be held on May 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 (May 8) that a tender of 2-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 May 14, 2026 (Thursday), for settlement on May 18, 2026 (Monday).
An additional amount of RMB0.75 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 May 8, 2026 are 100.15 with a semi-annualised yield of 1.521 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 2-year RMB HKSAR Institutional Government Bonds:
Issue Number |
: |
03GB2807001 |
Stock Code |
: |
85039 (HKGB1.59 2807-R) |
Tender Date and Time |
: |
May 14, 2026 (Thursday)
9.30am to 10.30am |
Issue and Settlement Date |
: |
May 18, 2026 (Monday) |
Amount on Offer |
: |
RMB0.75 billion |
Maturity |
: |
2 years |
Remaining maturity |
: |
Approximately 2.20 years |
Maturity Date |
: |
July 28, 2028 (Friday) |
Interest Rate |
: |
1.59 per 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 (May 18, 2026) for the tender amount is RMB239.59 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
Incoming passenger convicted and jailed for importing duty-not-paid cigarettes
An incoming passenger was sentenced to two months' imprisonment with a fine of $1,000 by the Fanling Magistrates' Courts today (May 8) for importing duty-not-paid cigarettes and failing to declare them to Customs officers, in contravention of the Dutiable Commodities Ordinance (DCO).
Customs officers intercepted the incoming 38-year-old male passenger on September 2, 2025 at the Lok Ma Chau Spur Line Control Point and seized 19 200 sticks of duty-not-paid cigarette from his personal baggage, with an estimated market value of about $78,700 and a duty potential of about $63,500. He was subsequently arrested.
Customs welcomes the sentence, noting that even a first-time offender may still be imprisoned. The custodial sentence has imposed a considerable deterrent effect and reflects the seriousness of the offences. Members of the public should not defy the law.
Customs reminds members of the public that under the DCO, cigarettes are dutiable goods to which the DCO applies. Any person who imports, deals with, possesses, sells or buys illicit cigarettes commits an offence. The maximum penalty upon conviction is a fine of $2 million and imprisonment for seven years.
Members of the public may report any suspected illicit cigarette activities to Customs' 24-hour hotline 182 8080 or its dedicated crime-reporting email account (crimereport@customs.gov.hk) or online form (eform.cefs.gov.hk/form/ced002).
Incoming passenger convicted and jailed for importing duty-not-paid cigarettes Source: HKSAR Government Press Releases
