HKMA releases tentative EFBN issuance schedule for July to September 2026.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
SPOTLIGHT ON
FAMILY OFFICES
On Fri, 15 May, the Hong Kong Monetary Authority ("HKMA") issued a tentative issuance schedule for Exchange Fund Bills and Notes ("EFBNs") for the quarter of July to September 2026. This schedule details tentative tender dates, issue sizes, and issue dates, reflecting rollovers of maturing issues and planned adjustments to the EFBN portfolio maturity spectrum.
Quarterly Issuance Schedule Publication
The quarterly schedule is issued in the second month of each quarter, specifically February, May, August, and November, covering the EFBN tenders for the following quarter. Stakeholders should note that the tender dates, issue sizes, and issue dates projected in the advance issuance schedule are tentative.
Confirmation Timelines and Market Flexibility
Details for new Exchange Fund Bills are to be confirmed and announced at least 4 business days prior to the respective tender dates, while Notes are to be confirmed 7 business days prior. The HKMA may make changes in the light of prevailing market conditions.
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