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Tentative issuance schedule for Exchange Fund Bills and Notes

Aug 15, 2025
Latest News HKMA Tentative issuance schedule for Exchange Fund Bills and Notes

HKMA announces tentative issuance schedule for Exchange Fund Bills and Notes for October to December 2025.

This article was generated using SAMS, an AI technology by Timothy Loh LLP.

The Hong Kong Monetary Authority ("HKMA") has announced a tentative issuance schedule for Exchange Fund Bills and Notes ("EFBNs") for the upcoming quarter of October to December 2025.

This schedule outlines the tentative tender dates, issue sizes, and issue dates for each upcoming issue, reflecting both the rollover of maturing issues and planned adjustments to the maturity spectrum of the EFBN portfolio.

The HKMA typically publishes the quarterly schedule in the second month of each quarter (February, May, August, and November) to cover the EFBN tenders in the subsequent quarter.

It is important to note that the tender dates, issue sizes, and issue dates listed in the schedule are subject to change based on prevailing market conditions.

The specifics of new issues of Exchange Fund Bills will be confirmed no fewer than 4 business days prior to their respective tender dates, while details for new issues of Exchange Fund Notes will be finalized at least 7 business days before their tender dates.

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