Tender results of the re-opening of 1-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 1-year RMB institutional Government Bonds through the re-opening of existing Government Bond (issue number 01GB2612001) under the Infrastructure Bond Programme was held today (5 March).
A total of RMB1.0 billion 1-year Government Bonds were offered today. A total of RMB11.400 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 11.40. The average price accepted is 100.18, implying an annualised yield of 1.358%.
 
Hong Kong Monetary Authority
5 March 2026
 
HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS
Tender results of 1-year RMB HKSAR Institutional Government Bonds:-

Tender Date	:	5 March 2026
Issue Number	:	01GB2612001 (Re-open)
Stock Code	:	85100 (HKGB1.60 2612-R)
Issue and Settlement Date	:	9 March 2026
Tenor	:	1 year
Maturity Date	:	8 December 2026
Coupon Rate	:	1.60%
Amount Applied	:	RMB11.400 billion
Amount Allotted	:	RMB1.0 billion
Bid-to-Cover Ratio*	:	11.40
Average Price Accepted (Yield)	:	100.18 (1.358%1)
Lowest Price Accepted (Yield)	:	100.13 (1.429%1)
Pro-rata Ratio	:	About 35%
Average Tender Price (Yield)	:	100.07 (1.504%1)

* Calculated as the amount of bonds applied for over the amount of bonds issued.
 
Hong Kong Monetary Authority
5 March 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 1.353%, 1.424%, and 1.499% respectively.

 

Source: Hong Kong Monetary Authority