The Hong Kong Monetary Authority (HKMA) will bid out 1.5 billion yuan in two-year government bonds beginning Feb. 13, according to a Friday notice by the city's de facto central bank.

The bonds are due for settlement on Feb. 17 and carry an interest rate of 2.04% per annum, payable semi-annually in arrears. They will mature on Nov. 8, 2026, the HKMA said.

Indicative pricing as of Friday is 99.89 with a semi-annualized yield of 2.103%.

Tenders are open to primary dealers appointed under the HKMA's infrastructure bond program.