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Tender results of the re-opening of 3-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 3-year HKD institutional Government Bonds through the re-opening of existing Government Bond (issue number 03GB2804001) under the Infrastructure Bond Programme was held today (4 March).
A total of HK$2.5 billion 3-year Government Bonds were offered today. A total of HK$10.935 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 4.37. The average price accepted is 101.22, implying an annualised yield of 2.186%.
Hong Kong Monetary Authority
4 March 2026
HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS
Tender results of 3-year HKD HKSAR Institutional Government Bonds:-
| Tender Date | : | 4 March 2026 |
| Issue Number | : | 03GB2804001 (Re-open) |
| Stock Code | : | 4291 (HKGB 2.76 2804) |
| Issue and Settlement Date | : | 5 March 2026 |
| Tenor | : | 3 years |
| Maturity Date | : | 25 April 2028 |
| Coupon Rate | : | 2.76% |
| Amount Applied | : | HK$10.935 billion |
| Amount Allotted | : | HK$2.5 billion |
| Bid-to-Cover Ratio* | : | 4.37 |
| Average Price Accepted (Yield) | : | 101.22 (2.186%) |
| Lowest Price Accepted (Yield) | : | 101.08 (2.252%) |
| Pro-rata Ratio | : | About 19% |
| Average Tender Price (Yield) | : | 100.94 (2.321%) |
Hong Kong Monetary Authority
4 March 2026
Source: Hong Kong Monetary Authority
