Results of 20-year HKD HKSAR Institutional Government Bonds tender through re-opening
The following is issued by the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced that a tender of 20-year HKD institutional Government Bonds through the re-opening of existing Government Bond (issue number 20GB4503001) under the Infrastructure Bond Programme was held today (22 July).
A total of HK$1.0 billion 20-year Government Bonds were offered today. A total of HK$6.47995 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 6.48. The average price accepted is 97.27, implying an annualised yield of 4.246%.
Hong Kong Monetary Authority
22 July 2026
HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS
Tender results of 20-year HKD HKSAR Institutional Government Bonds:-
|
Tender Date |
: |
22 July 2026 |
|
Issue Number |
: |
20GB4503001 (Re-open) |
|
Stock Code |
: |
4290 (HKGB 3.99 4503) |
|
Issue and Settlement Date |
: |
23 July 2026 |
|
Tenor |
: |
20 years |
|
Maturity Date |
: |
6 March 2045 |
|
Coupon Rate |
: |
3.99% |
|
Amount Applied |
: |
HK$6.47995 billion |
|
Amount Allotted |
: |
HK$1.0 billion |
|
Bid-to-Cover Ratio* |
: |
6.48 |
|
Average Price Accepted (Yield) |
: |
97.27 (4.246%) |
|
Lowest Price Accepted (Yield) |
: |
97.10 (4.261%) |
|
Pro-rata Ratio |
: |
About 54% |
|
Average Tender Price (Yield) |
: |
95.31 (4.408%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
22 July 2026