HKMA to re-open 20-year HKSAR Government Bond tender
HKMA announced a re-opening tender of HK$1.0 billion 20-year HKSAR institutional Government Bonds on 22 July 2026.
HKMA will re-open the existing 20-year HKSAR Government Bond issue under the Infrastructure Bond Programme, adding HK$1.0 billion of supply. The tender settles 23 July 2026 and supports development of the HKD long-end yield curve and institutional bond market liquidity.
Affects HKD long-end pricing, collateral eligibility, and treasury/ALM positioning for institutional participants.
Action Required
Update fixed income desks and treasury on tender timing, settlement, and impact on HKD long-end curve positioning.
Government bond supply events influence HKD curve, HQLA composition, and dealer inventory management.
Ensure trading, treasury, and ALM functions are aware of the 20-year HKSAR bond re-opening. Assess impact on HKD curve, HQLA holdings, and client demand for long-dated HKD paper.
“HKMA announced a tender of 20-year HKD institutional Government Bonds through the re-opening of existing issue 20GB4503001 under the Infrastructure Bond Programme on 22 July 2026, settling 23 July 2026, with an additional HK$1.0 billion.”