Darius Baruar
May 7, 2025 03:10
The Hong Kong Monetary Authority will bid a 500 million yuan of government bonds on May 13, 2025, and has the proceeds to support infrastructure projects.
Hong Kong Monetary Authority (HKMA), which represents the Hong Kong Special Administrative Regional Government, has announced bidding for five -year RMB government bonds. According to the Hong Kong monetary authorities, the bid, scheduled for May 13, 2025, will be offered a bond of 20.3 billion yuan with an interest rate of 1.97%annually on May 15, 2030.
Details of bond bidding
The bidding is only open to the first dealer according to the infrastructure bond program. The stakeholder can apply through the first dealer listed on the Hong Kong government bond website. Each bid should be for RMB50,000 or in integral drainage. The results of the bid will be announced at 3 pm on the HKMA websites, Bloomberg and Refinitiv.
Bond characteristics
Problems identified by problem number 05GB3005001 and stock code 85023 (HKGB1.97 3005-R) will be paid twice a year in May 15 and November 15. Bond issuance will support the infrastructure project according to the infrastructure framework.
Market
The issuance of these bonds is part of Hong Kong’s extensive strategy to strengthen investment in financial infrastructure and public projects. Bonds will start trading at the Hong Kong Stock Exchange on May 16, 2025, which can attract significant attention from institutional investors looking for stable profits in global economic uncertainty.
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