Tender of 1-year HONIA-indexed Floating Rate Notes to be held on Wednesday, 20 November 2024

The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced today (14 November) that a tender of 1-year HONIA-indexed Floating Rate Notes (Notes) under the Infrastructure Bond Programme will be held on Wednesday, 20 November 2024, for settlement on Thursday, 21 November 2024.

A total of HK$1.5 billion 1-year HKD Notes will be tendered. The Notes will mature on 21 November 2025 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 https://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 3:00 pm on the tender day.

Hong Kong Monetary Authority
14 November 2024

HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER INFORMATION

Tender information of 1-year HONIA-indexed Floating Rate Notes:-

Hong Kong Monetary Authority
14 November 2024