The government reopens 5-year (acting as 3-year) and 10-year RMB Special Administrative Region government institutional bonds

The Monetary Authority announced the reopening of 5-year and 10-year Renminbi bonds issued by the Hong Kong Special Administrative Region government under the infrastructure bond program. The bidding for these reopened bonds will take place on April 23 this year, with settlement on April 27.

The 5-year Renminbi bonds (issue number 05GB2912002) will be offered for bidding as 3-year bonds. Through this reopening, an additional RMB 1 billion of outstanding 5-year bonds will be available for bidding. These bonds will mature on December 10, 2029, with an interest rate of 2.37% per annum, paying interest semi-annually. The indicative price for these bonds on April 20 this year was 102.64, with a semi-annual yield of 1.62%.

As for the 10-year Renminbi bonds (issue number 10GB3505001), they will be offered for bidding as 10-year bonds. Through this reopening, an additional RMB 1.5 billion of outstanding 10-year bonds will be available for bidding. These bonds will mature on May 15, 2035, with an interest rate of 2.29% per annum, paying interest semi-annually. The indicative price for these bonds on April 20 this year was 102.99, with a semi-annual yield of 1.929%