Tender results of the re-opening of 10-year HKD HKSAR Institutional Government Bonds

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 HKD institutional Government Bonds through the re-opening of existing Government Bond (issue number 10GB3507001) under the Infrastructure Bond Programme was held today (14 January).
A total of HK$1.0 billion 10-year Government Bonds were offered today. A total of HK$6.024 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 6.02. The average price accepted is 100.04, implying an annualised yield of 3.190%.
 
Hong Kong Monetary Authority
14 January 2026
 
HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS
Tender results of 10-year HKD HKSAR Institutional Government Bonds:-

Tender Date	:	14 January 2026
Issue Number	:	10GB3507001 (Re-open)
Stock Code	:	4294 (HKGB 3.17 3507)
Issue and Settlement Date	:	15 January 2026
Tenor	:	10 years
Maturity Date	:	24 July 2035
Coupon Rate	:	3.17%
Amount Applied	:	HK$6.024 billion
Amount Allotted	:	HK$1.0 billion
Bid-to-Cover Ratio*	:	6.02
Average Price Accepted (Yield)	:	100.04 (3.190%)
Lowest Price Accepted (Yield)	:	99.88 (3.210%)
Pro-rata Ratio	:	About 57%
Average Tender Price (Yield)	:	99.20 (3.295%)

* Calculated as the amount of bonds applied for over the amount of bonds issued.
 
Hong Kong Monetary Authority
14 January 2026

 

Source: Hong Kong Monetary Authority