Central Bank: Municipal Bond Issuance Tender Scheduled for March 25 on the Third Tranche of 2026 Central Bank Bills

MetaMuskRat · 2026-03-23T22:31:53+00:00

The People's Bank of China will issue the third batch of 2026 Central Bank Bills in Hong Kong on March 25, 2026, with a maturity of 6 months and an issuance size of 60 billion yuan, using a Dutch auction method, aiming to enrich Hong Kong's renminbi financial products.

MetaMuskRat

2026-03-23 22:31:53

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People’s Financial News, March 23 — The People’s Bank of China announced that to enrich high-credit-rated RMB financial products in Hong Kong and improve the RMB yield curve in Hong Kong, based on the Memorandum of Cooperation on the Use of Debt Instruments Central Clearing System for the Issuance of PBOC Bills signed between the People’s Bank of China and the Hong Kong Monetary Authority, the PBOC will conduct a tender for the issuance of the third batch of central bank bills in 2026 through the Hong Kong Monetary Authority’s Debt Instruments Central Clearing System (CMU) bond bidding platform on March 25, 2026 (Wednesday). The third batch of central bank bills will have a 6-month (182 days) maturity, be fixed-rate coupon bonds, with principal and interest due at maturity. The issuance volume will be RMB 60 billion, with an issue date of March 27, 2026, and maturity date of September 25, 2026, with the maturity date postponed if it falls on a holiday. The face value of each bill is RMB 100, issued via Dutch auction, with the bid target being the interest rate.

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