Tender for re-opening of 2-year RMB HKSAR Institutional Government Bonds to be held on February 13

The following is issued on behalf of the Hong Kong Monetary Authority:

     The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced today (February 7) that a tender of 2-year RMB Government Bonds (Bonds) through the re-opening of existing 2-year Government Bond issue 02GB2611001 under the Infrastructure Bond Programme will be held on February 13, 2025 (Thursday), for settlement on February 17, 2025 (Monday).
      
     An additional amount of RMB1.5 billion of the outstanding 2-year Bonds (issue no. 02GB2611001) will be on offer. The Bonds will mature on November 18, 2026, and will carry interest at the rate of 2.04 per cent per annum payable semi-annually in arrear. The Indicative Pricings of the Bonds on February 7, 2025, are 99.89 with a semi-annualised yield of 2.103 per cent.
      
     Tender is open only to Primary Dealers appointed under the Infrastructure Bond Programme. Anyone wishing to apply for the Bonds on offer can do so through any of the Primary Dealers on the latest published list, which can be obtained from the Hong Kong Government Bonds website at www.hkgb.gov.hk. Each tender must be for an amount of RMB50,000 or integral multiples thereof.
      
     Tender results will be published on the HKMA’s website, the Hong Kong Government Bonds website, Bloomberg (GBHK <GO>) and Refinitiv (IBPGSBPINDEX). The publication time is expected to be no later than 3:00 pm on the tender day.

HKSAR Institutional Government Bonds Tender Information

     Tender information of re-opening of 2-year RMB HKSAR Institutional Government Bonds:-
 

Issue Number : 02GB2611001
Stock Code : 84585 (HKGB2.04 2611-R)
Tender Date and Time : February 13, 2025 (Thursday)
9.30am to 10.30am
Issue and Settlement Date : February 17, 2025 (Monday)
Amount on Offer : RMB1.5 billion
Maturity : 2 years
Remaining maturity : Approximately 1.75 years
Maturity Date : November 18, 2026 (Wednesday)
Interest Rate : 2.04 per cent p.a. payable semi-annually in arrear
Interest Payment Dates : May 18 and November 18 in each year, commencing on the Issue Date up to and including the Maturity Date, subject to adjustment in accordance with the terms of the Institutional Issuances Information Memorandum of the Infrastructure Bond Programme and Government Sustainable Bond Programme (Information Memorandum) published on the Hong Kong Government Bonds website.
Method of Tender : Competitive tender
Tender Amount : Each competitive tender must be for an amount of RMB50,000 or integral multiples thereof. Any tender applications for the Bonds must be submitted through a Primary Dealer on the latest published list.
The accrued interest to be paid by successful bidders on the issue date (February 17, 2025) for the tender amount is 254.30 per minimum denomination of RMB50,000.
(The accrued interest to be paid for tender amount exceeding RMB50,000 may not be exactly equal to the figures calculated from the accrued interest per minimum denomination of RMB50,000 due to rounding).
Other Details : Please see the Information Memorandum available on the Hong Kong Government Bonds website or approach Primary Dealers.
Expected commencement date of dealing on
the Stock Exchange
of Hong Kong Limited
: The tender amount is fully fungible with the existing 02GB2611001 (Stock code: 84585) listed on the Stock Exchange of Hong Kong.
Use of Proceeds : The Bonds will be issued under the institutional part of the Infrastructure Bond Programme. Proceeds will be invested in infrastructure projects in accordance with the Infrastructure Bond Framework published on the Hong Kong Government Bonds website.



Tender for re-opening of 10-year RMB HKSAR Institutional Government Bonds to be held on February 13

The following is issued on behalf of the Hong Kong Monetary Authority:

     The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced today (February 7) that a tender of 10-year RMB Government Bonds (Bonds) through the re-opening of existing 10-year Government Bond issue 10GB3411001 under the Infrastructure Bond Programme will be held on Thursday, February 13, 2025, for settlement on Monday, February 17, 2025.
      
     An additional amount of RMB1.0 billion of the outstanding 10-year Bonds (issue no. 10GB3411001) will be on offer. The Bonds will mature on November 20, 2034 and will carry interest at the rate of 2.46 per cent per annum payable semi-annually in arrear. The Indicative Pricings of the Bonds on February 7, 2025 are 100.47 with a semi-annualised yield of 2.406 per cent.
      
     Tender is open only to Primary Dealers appointed under the Infrastructure Bond Programme. Anyone wishing to apply for the Bonds on offer can do so through any of the Primary Dealers on the latest published list, which can be obtained from the Hong Kong Government Bonds website at www.hkgb.gov.hk. Each tender must be for an amount of RMB50,000 or integral multiples thereof.
      
     Tender results will be published on the HKMA’s website, the Hong Kong Government Bonds website, Bloomberg (GBHK <GO>) and Refinitiv (IBPGSBPINDEX). The publication time is expected to be no later than 3.00pm on the tender day.
 
HKSAR Institutional Government Bonds Tender Information

     Tender information of 10-year RMB HKSAR Institutional Government Bonds:
 

Issue Number : 10GB3411001
Stock Code : 84586 (HKGB2.46 3411-R)
Tender Date and Time : Thursday, February 13, 2025
9.30am to 10.30am
Issue and Settlement Date : Monday, February 17, 2025
Amount on Offer : RMB1.0 billion
Maturity : 10 years
Remaining maturity : Approximately 9.76 years
Maturity Date : Monday, November 20, 2034
Interest Rate : 2.46 per cent p.a. payable semi-annually in arrear
Interest Payment Dates : May 18 and November 18 in each year, commencing on the Issue Date up to and including the Maturity Date, subject to adjustment in accordance with the terms of the Institutional Issuances Information Memorandum of the Infrastructure Bond Programme and Government Sustainable Bond Programme (Information Memorandum) published on the Hong Kong Government Bonds website.
Method of Tender : Competitive tender
Tender Amount : Each competitive tender must be for an amount of RMB50,000 or integral multiples thereof. Any tender applications for the Bonds must be submitted through a Primary Dealer on the latest published list.
The accrued interest to be paid by successful bidders on the issue date (February 17, 2025) for the tender amount is RMB306.66 per minimum denomination of RMB50,000.
(The accrued interest to be paid for tender amount exceeding RMB50,000 may not be exactly equal to the figures calculated from the accrued interest per minimum denomination of RMB50,000 due to rounding).
Other Details : Please see the Information Memorandum available on the Hong Kong Government Bonds website or approach Primary Dealers.
Expected commencement date of dealing on
the Stock Exchange
of Hong Kong Limited
: The tender amount is fully fungible with the existing 10GB3411001 (Stock code: 84586) listed on the Stock Exchange of Hong Kong.
Use of Proceeds : The Bonds will be issued under the institutional part of the Infrastructure Bond Programme. Proceeds will be invested in infrastructure projects in accordance with the Infrastructure Bond Framework published on the Hong Kong Government Bonds website.



Hong Kong’s Latest Foreign Currency Reserve Assets Figures Released

The following is issued on behalf of the Hong Kong Monetary Authority:

     The Hong Kong Monetary Authority (HKMA) announced today (February 7) that the official foreign currency reserve assets of Hong Kong amounted to US$421.5 billion as at the end of January 2025 (end-December 2024: US$421.5 billion) (Annex).
      
     There were no unsettled foreign exchange contracts at end-January 2025 and end-December 2024.
      
     The total foreign currency reserve assets of US$421.5 billion represent over five times the currency in circulation or about 39% of Hong Kong dollar M3.
 
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     At present, four press releases relating to the Exchange Fund's data are issued by the HKMA each month. Three of these releases are issued to disseminate monetary data in accordance with International Monetary Fund's Special Data Dissemination Standard (SDDS). The fourth press release, on the Exchange Fund's Abridged Balance Sheet and Currency Board Account, is made in accordance with the HKMA's policy of maintaining a high level of transparency. For the month of February 2025, the scheduled dates for issuing the press releases are as follows:
 

February 7 SDDS International Reserves
(Hong Kong's Latest Foreign Currency Reserve Assets Figures)
February 14 SDDS Analytical Accounts of the Central Bank
(Analytical Accounts of the Exchange Fund)
February 28 SDDS Template on International Reserves and
Foreign Currency Liquidity
February 28 Exchange Fund Abridged Balance Sheet and
Currency Board Account



CHP reminds public on precautions against cold weather

     The Centre for Health Protection (CHP) of the Department of Health (DH) today (February 7) reminded the public, particularly the elderly and people with chronic illnesses, to adopt appropriate measures to protect their health in view of the cold weather.

    A spokesman for the CHP said that cold weather can easily trigger or exacerbate diseases, especially among the elderly and persons suffering from heart disease, respiratory illnesses or other chronic illnesses.

     "Elderly people have less insulating fat beneath their skin to keep them warm, and their body temperature control mechanisms may be weaker. Their body may not be able to appropriately respond to thecold weather," the spokesman said.

     Some senior persons may have decreased mobility, which can impair their ability to generate and conserve body heat. Chronic illnesses, such as hypertension, diabetes and endocrine disorders, may undermine the health of elderly people and lower their metabolic rate, subsequently causing their body to generate less heat. Persons with chronic illnesses, such as chronic respiratory illnesses or heart disease, are vulnerable to disease aggravation due to cold weather.

     The CHP reminded the public, in particular the elderly and persons with chronic illnesses, to adopt the following preventive measures:
 

  • Take note of the weather forecast. Wear warm clothing, including hats, scarves, gloves and socks, accordingly;
  • Consume sufficient food to ensure adequate calorie intake;
  • Perform regular exercise to facilitate blood circulation and heat production;
  • Stay in a warm environment and avoid prolonged outdoor exposure;
  • Use heaters with care and maintain adequate indoor ventilation; and
  • Seek medical advice if feeling unwell.

     
     â€‹In addition, the public should avoid alcoholic beverages.
     
     "Drinking alcohol cannot keep you warm. Alcohol accelerates the loss of body heat through dilated blood vessels, resulting in chilling instead," the spokesman said.

     "Parents should ensure that babies are sufficiently warm, but it is also important to keep babies relatively lightly clothed to avoid overheating them," the spokesman added.

     Parents should observe the following safety measures when putting their children to bed:  

  • Keep the room well ventilated and at a comfortable temperature;
  • Always place babies on their backs to sleep. Leave their heads, faces and arms uncovered during sleep;
  • Babies do not need pillows. Place babies on a firm and well-fitted mattress to sleep. Avoid soft objects, pillows and loose bedding;
  • Let babies sleep in a cot placed near their parents' bed; and
  • Maintain a smoke-free environment.

 
     In addition, many respiratory pathogens, including influenza and SARS-CoV-2, may have increasing activity and community transmission during winter. Seasonal influenza vaccination is recommended for all persons aged 6 months or above, except those with known contraindications. Persons at higher risk of getting influenza and its complications, including the elderly and children, should receive seasonal influenza vaccinations early. Please see details of the vaccination schemes on the CHP's website.
      
     A person who gets influenza and COVID-19 at the same time may be more seriously ill and would have a higher risk of death. It is important for elderly persons, especially those residing in residential care homes, to receive both a seasonal influenza vaccination and a COVID-19 vaccination. They should also receive an additional booster against COVID-19 according to recommendations as soon as possible. The public should also maintain good personal and environmental hygiene against respiratory illnesses and note the following:
 

  • Surgical masks can prevent transmission of respiratory viruses from ill persons. It is essential for persons who are symptomatic (even if having mild symptoms) to wear a surgical mask;
  • Wear a surgical mask when taking public transport or staying in crowded places. It is important to wear a mask properly, including performing hand hygiene before wearing and after removing a mask;
  • Avoid touching one's eyes, mouth and nose;
  • Wash hands with liquid soap and water properly whenever possibly contaminated;
  • When hands are not visibly soiled, clean them with 70 to 80 per cent alcohol-based handrub;
  • Cover the mouth and nose with tissue paper when sneezing or coughing. Dispose of soiled tissue paper properly into a lidded rubbish bin and wash hands thoroughly afterwards;
  • Maintain good indoor ventilation;
  • When having respiratory symptoms, wear a surgical mask, refrain from work or attending classes at school, avoid going to crowded places and seek medical advice promptly; and
  • Maintain a balanced diet, exercise regularly, take adequate rest, do not smoke and avoid overstress.

    
     Food-borne diseases, particularly those linked to hotpot cuisine, are also common in cold weather. The following preventive measures should be taken:
 

  • Wash hands before handling and consuming food;
  • Do not patronise unlicensed vendors or those with poor hygienic standards while selecting food;
  • Wash and cook all food thoroughly;
  • Vegetables should be washed thoroughly in clean running water before cooking and consumption. When appropriate, scrub vegetables with hard surfaces with a clean brush to remove dirt and substances, including pesticide residues and contaminants, from surfaces and crevices;
  • Shrimps should be fully cooked until the shells turn red and the flesh turns white and opaque;
  • For shellfish such as scallops and geoduck, scrub the shells thoroughly and remove internal organs;
  • Do not eat any undercooked freshwater aquatic products. To ensure that the food is thoroughly cooked, the centre of the food should reach a temperature of at least 75 degrees Celsius so as to destroy pathogen;
  • Most hotpot ingredients should be stored in a refrigerator at 4 degrees C or below, while frozen food should be stored in a freezer at -18 degrees C or below;
  • Never use raw eggs as a dipping sauce for hotpot; and
  • Use different sets of chopsticks to handle raw and cooked food to avoid cross-contamination.

    
     â€‹In addition, when using fuel-burning appliances, especially in indoor areas, the public should ensure adequate ventilation to avoid harmful exposure to carbon monoxide (CO) and prevent CO poisoning.
     
     For more health information, the public may call the DH's Health Education Infoline (2833 0111) or visit the CHP's website and Facebook Fanpage.

     The public may also call Dial-a-Weather (1878 200) or visit the website of the Hong Kong Observatory for the latest weather information and forecasts, or its page on Weather Information for Senior Citizens.




Elderly reminded to take precautionary measures during cold spell

Attention Duty Announcers, Radio and TV Stations:

     Please broadcast the following special announcement immediately, and repeat it at frequent intervals:

     With the approach of cold weather, the Social Welfare Department (SWD) reminds the elderly to take precautionary measures during the cold spell. Relatives, friends and neighbours are encouraged to show concern and care for the health of frail elderly persons, particularly those living alone. Those in need may call the SWD hotline at 2343 2255 for assistance.