Tender results of the re-opening of 3-year RMB 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 3-year RMB institutional Government Bonds through the re-opening of existing Government Bond (issue number 03GB2807001) under the Infrastructure Bond Programme was held today (15 January).
A total of RMB1.25 billion 3-year Government Bonds were offered today. A total of RMB10.940 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 8.75. The average price accepted is 99.56, implying an annualised yield of 1.778%.
 
Hong Kong Monetary Authority
15 January 2026
 
HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS
Tender results of 3-year RMB HKSAR Institutional Government Bonds:-

Tender Date	:	15 January 2026
Issue Number	:	03GB2807001 (Re-open)
Stock Code	:	85039 (HKGB1.59 2807-R)
Issue and Settlement Date	:	19 January 2026
Tenor	:	3 years
Maturity Date	:	28 July 2028
Coupon Rate	:	1.59%
Amount Applied	:	RMB10.940 billion
Amount Allotted	:	RMB1.25 billion
Bid-to-Cover Ratio*	:	8.75
Average Price Accepted (Yield)	:	99.56 (1.778%1)
Lowest Price Accepted (Yield)	:	99.51 (1.798%1)
Pro-rata Ratio	:	About 60%
Average Tender Price (Yield)	:	99.33 (1.874%1)

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

 

Source: Hong Kong Monetary Authority