Hong Kong to reopen 10-year bonds for up to HK$1.5 billion

By Wendy Van Sickle

Columbus, Ohio, June 18 – Hong Kong Monetary Authority as representative of the Hong Kong Special Administrative Region Government announced that a reopening of 10-year government bonds (issue 10GB2901) will be held.

An additional HK$1.5 billion of the outstanding bonds will be on offer from 9:30 p.m. ET to 10:30 p.m. ET on Tuesday.

The bonds will mature on Jan. 17, 2029 and will carry a coupon of 1.97% per. The indicative pricings of the bonds on Monday was 103.25 with an annualized yield of 1.612%, according to a notice.

Under the institutional bond issuance program, the offer is open only to recognized dealers appointed as primary dealers. Anyone wishing to apply for the bonds may do so, in minimum amounts of HK$50,000 and integral multiples thereof, through any primary dealer on the program’s current published list.

Bids for the bonds will be accepted through a competitive tender process.

Settlement is expected on June 27.

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