Results of 3-year RMB 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 3-year RMB institutional Government Bonds through the re-opening of existing Government Bond (issue number 05GB2912002) under the Infrastructure Bond Programme was held today (23 July).
A total of RMB0.75 billion 2-year Government Bonds were offered today. A total of RMB8.185 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 10.91. The average price accepted is 100.31, implying an annualised yield of 1.453%.A total of RMB1.0 billion 3-year Government Bonds were offered today. A total of RMB7.520 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 7.52. The average price accepted is 103.02, implying an annualised yield of 1.454%.
Hong Kong Monetary Authority
23 July 2026
HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS
Tender results of 3-year RMB HKSAR Institutional Government Bonds:-
|
Tender Date |
: |
23 July 2026 |
|
Issue Number |
: |
05GB2912002 (Re-open) |
|
Stock Code |
: |
84596 (HKGB2.37 2912-R) |
|
Issue and Settlement Date |
: |
27 July 2026 |
|
Tenor |
: |
3 years |
|
Maturity Date |
: |
10 December 2029 |
|
Coupon Rate |
: |
2.37% |
|
Amount Applied |
: |
RMB7.520 billion |
|
Amount Allotted |
: |
RMB1.0 billion |
|
Bid-to-Cover Ratio* |
: |
7.52 |
|
Average Price Accepted (Yield) |
: |
103.02 (1.454%1) |
|
Lowest Price Accepted (Yield) |
: |
102.98 (1.466%1) |
|
Pro-rata Ratio |
: |
About 100% |
|
Average Tender Price (Yield) |
: |
102.70 (1.550%1) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
23 July 2026
1 The yields stated above are annualised yields. For reference, the semi-annualised yields corresponding to the average price accepted, lowest price accepted, and average tender price are 1.449%, 1.461%, and 1.544% respectively.