Results of 10-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 10-year RMB institutional Government Bonds through the re-opening of existing Government Bond (issue number 10GB3505001) under the Infrastructure Bond Programme was held today (23 July).
A total of RMB1.25 billion 10-year Government Bonds were offered today. A total of RMB10.810 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 8.65. The average price accepted is 104.42, implying an annualised yield of 1.754%.
Hong Kong Monetary Authority
23 July 2026
HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS
Tender results of 10-year RMB HKSAR Institutional Government Bonds:-
|
Tender Date |
: |
23 July 2026 |
|
Issue Number |
: |
10GB3505001 (Re-open) |
|
Stock Code |
: |
85024 (HKGB2.29 3505-R) |
|
Issue and Settlement Date |
: |
27 July 2026 |
|
Tenor |
: |
10 years |
|
Maturity Date |
: |
15 May 2035 |
|
Coupon Rate |
: |
2.29% |
|
Amount Applied |
: |
RMB10.810 billion |
|
Amount Allotted |
: |
RMB1.25 billion |
|
Bid-to-Cover Ratio* |
: |
8.65 |
|
Average Price Accepted (Yield) |
: |
104.42 (1.754%1) |
|
Lowest Price Accepted (Yield) |
: |
104.14 (1.787%1) |
|
Pro-rata Ratio |
: |
About 81% |
|
Average Tender Price (Yield) |
: |
103.49 (1.867%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 1.746%, 1.780%, and 1.859% respectively.