Hong Kong Monetary Authority to Reopen 2-Year RMB Government Bonds
The post Hong Kong Monetary Authority to Reopen 2-Year RMB Government Bonds appeared on BitcoinEthereumNews.com.
Alvin Lang Feb 11, 2025 08:09 The Hong Kong Monetary Authority will hold a tender for the reopening of 2-year RMB government bonds under the Infrastructure Bond Programme on February 13, 2025. The Hong Kong Monetary Authority (HKMA) has announced the reopening of 2-year Renminbi (RMB) government bonds, scheduled for tender on February 13, 2025. This move is part of the Infrastructure Bond Programme managed by the Hong Kong Special Administrative Region Government. The reopening targets the 2-year Government Bond issue 02GB2611001, with settlement anticipated on February 17, 2025, according to the Hong Kong Monetary Authority. Tender Details The HKMA is offering an additional RMB1.5 billion of the outstanding bonds, which will mature on November 18, 2026. The bonds carry an interest rate of 2.04% per annum, payable semi-annually. The indicative pricing for these bonds, as of February 7, 2025, is 99.89, reflecting a semi-annualized yield of 2.103%. Participation in the tender is restricted to Primary Dealers under the Infrastructure Bond Programme. Interested parties can apply through these dealers, with each tender requiring a minimum amount of RMB50,000 or its multiples. The results of the tender will be published across various platforms, including the HKMA’s website, the Hong Kong Government Bonds website, Bloomberg, and Refinitiv, by 3:00 pm on the tender day. Bond Specifications The bonds, identified by stock code 84585 (HKGB2.04 2611-R), will see their first interest payment on May 18, 2025. Payments will continue semi-annually until the maturity date. The accrued interest payable by successful bidders on the issue date will be RMB254.30 per RMB50,000 denomination. The bonds are part of the institutional segment of the Infrastructure Bond Programme, with proceeds directed towards infrastructure projects as outlined in the Infrastructure Bond Framework. The bonds are fungible with existing issues listed on the Stock Exchange of Hong Kong. Context…
Filed under: News - @ February 11, 2025 6:23 pm