HKMA announces tentative issuance schedule for Exchange Fund Bills and Notes for January to March 2026.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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The Hong Kong Monetary Authority ("HKMA") has published today, on 14 November 2025, a preliminary schedule for the issuance of Exchange Fund Bills and Notes ("EFBNs") for the first quarter of 2026.
This schedule provides tentative dates for tenders, specifies issue sizes, and outlines issue dates for each individual EFBN, reflecting the renewal of maturing issues and planned adjustments to the maturity structure of the EFBN portfolio.
The HKMA releases the quarterly schedule during the second month of each quarter (February, May, August, and November), covering EFBN tenders for the upcoming quarter.
The tender dates, issue sizes, and issue dates stated in the preliminary issuance schedule are subject to change by the HKMA based on prevailing market conditions.
Details of newly issued Exchange Fund Bills must be confirmed at least four business days before the respective tender dates, while those of Exchange Fund Notes must be confirmed seven business days beforehand.
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