Tony Kim
Nov 07, 2025 02:42
The Hong Kong Financial Authority publicizes a young for 1-year HONIA-indexed Floating Price Notes below the Infrastructure Bond Programme, scheduled for November 12, 2025.
The Hong Kong Financial Authority (HKMA) has introduced a young for 1-year HONIA-indexed Floating Price Notes, set to happen on Wednesday, November 12, 2025. This tender, a part of the Infrastructure Bond Programme, is aimed toward elevating HK$1.5 billion, with the notes maturing on November 13, 2026, in line with the official announcement.
Particulars of the Tender
The notes might be issued at par and can carry an rate of interest listed to the Hong Kong Greenback In a single day Index Common (HONIA), payable quarterly in arrears. The tender is completely open to Main Sellers appointed below the Infrastructure Bond Programme, with every tender requiring a minimal quantity of HK$50,000 or integral multiples thereof.
The tender outcomes are anticipated to be revealed by 3:00 pm on the day of the tender by numerous channels, together with the HKMA’s web site, the Hong Kong Authorities Bonds web site, Bloomberg, and Refinitiv.
Tender Specs
The notes, recognized by Difficulty Quantity 01GH2611001 and Inventory Code 4296 (HKGB FRN 2611), can have the difficulty and settlement date on November 13, 2025. The curiosity funds are scheduled for February 20, Could 15, August 17, and November 17, 2026, with the rate of interest being the sum of the annualized compounded common of day by day HONIA and the very best accepted unfold at tender, topic to a minimal of 0% per curiosity interval.
The proceeds from these notes might be channeled into infrastructure initiatives below the Institutional a part of the Infrastructure Bond Programme, aligning with the Infrastructure Bond Framework accessible on the Hong Kong Authorities Bonds web site.
Market Implications
The upcoming tender displays the HKMA’s ongoing efforts to help infrastructure growth in Hong Kong by strategic monetary devices. By linking the rate of interest to the HONIA, the HKMA goals to supply a steady funding automobile whereas addressing the financing wants for infrastructure initiatives.
events are inspired to method Main Sellers for participation, with the dealing on the Inventory Change of Hong Kong Restricted anticipated to start on November 14, 2025.
Picture supply: Shutterstock
