The following is issued on behalf of 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 2-year RMB institutional Government Bonds through the re-opening of existing Government Bond (issue number 03GB2807001) under the Infrastructure Bond Programme was held today (October 22).
A total of RMB0.75 billion 2-year Government Bonds were offered today. A total of RMB7.450 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 9.93. The average price accepted is 100.33, implying an annualised yield of 1.401 per cent.
HKSAR Institutional Government Bonds Tender Results
Tender results of 2-year RMB HKSAR Institutional Government Bonds:
| Tender Date | : | October 22, 2026 |
| Issue Number | : | 03GB2807001 (Re-open) |
| Stock Code | : | 85039 (HKGB1.59 2807-R) |
| Issue and Settlement Date | : | October 26, 2026 |
| Tenor | : | 2 years |
| Maturity Date | : | July 28, 2028 |
| Coupon Rate | : | 1.59 per cent |
| Amount Applied | : | RMB7.450 billion |
| Amount Allotted | : | RMB0.75 billion |
| Bid-to-Cover Ratio* | : | 9.93 |
| Average Price Accepted (Yield) | : | 100.33 (1.401 per cent (Note)) |
| Lowest Price Accepted (Yield) | : | 100.31 (1.415 per cent (Note)) |
| Pro-rata Ratio | : | About 45 per cent |
| Average Tender Price (Yield) | : | 100.20 (1.478 per cent (Note)) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Note: 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 1.396 per cent, 1.410 per cent, and 1.473 per cent respectively.