On 13 Feb 2026, the Hong Kong Monetary Authority ("HKMA") released a tentative issuance schedule for Exchange Fund Bills and Notes ("EFBNs") for April to June 2026. The schedule includes planned adjustments to the maturity spectrum and will be confirmed closer to the respective tender dates.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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On February 13, 2026, the Hong Kong Monetary Authority ("HKMA") published a preliminary issuance schedule for Exchange Fund Bills and Notes ("EFBNs") for the upcoming quarter, spanning April through June 2026. This schedule outlines tentative tender dates, issue amounts, and issue dates for individual issues, reflecting the rollover of maturing EFBNs and planned adjustments to the maturity spectrum of the EFBN portfolio.
The quarterly schedule is released in the second month of each quarter (February, May, August, and November), covering the subsequent quarter's EFBN tenders. It is important to note that the tender dates, issue amounts, and issue dates listed in the preliminary issuance schedule are subject to change based on prevailing market conditions.
The specifics of new EFBNs are to be confirmed and announced at least four business days before their respective tender dates. For Exchange Fund Notes, the confirmation and announcement process is extended to seven business days prior to the tender dates. Any modifications to the schedule will be made by the HKMA in accordance with current market conditions.
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