Hong Kong Announces Tender for 1-Year RMB Government Bonds

The Hong Kong Monetary Authority (HKMA) will conduct a tender for 1-year RMB Institutional Government Bonds on July 24, 2025, offering RMB1.5 billion at an annual interest rate of 1.48%. The bonds, part of the Infrastructure Bond Programme, will mature on July 28, 2026, with semi-annual interest payments.

Primary Dealers appointed under the programme are the only eligible participants. Retail investors must apply through these dealers in minimum amounts of RMB50,000. Tender results will be published on the HKMA website, Hong Kong Government Bonds platform, Bloomberg, and Refinitiv by 3:00 pm on the tender date.

Settlement is scheduled for July 28, 2025. The MOVE underscores Hong Kong's efforts to deepen its RMB bond market amid growing institutional demand for yuan-denominated assets.