Results of 10-year RMB HKSAR Institutional Government Bonds tender through re-opening

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 RMB institutional Government Bonds through the re-opening of existing Government Bond (issue number 10GB3505001) under the Infrastructure Bond Programme was held today (23 April).
A total of RMB1.5 billion 10-year Government Bonds were offered today. A total of RMB10.235 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 6.82. The average price accepted is 103.24, implying an annualised yield of 1.908%.
 
Hong Kong Monetary Authority
23 April 2026
 
HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS
Tender results of 10-year RMB HKSAR Institutional Government Bonds:-

Tender Date	:	23 April 2026
Issue Number	:	10GB3505001 (Re-open)
Stock Code	:	85024 (HKGB2.29 3505-R)
Issue and Settlement Date	:	27 April 2026
Tenor	:	10 years
Maturity Date	:	15 May 2035
Coupon Rate	:	2.29%
Amount Applied	:	RMB10.235 billion
Amount Allotted	:	RMB1.5 billion
Bid-to-Cover Ratio*	:	6.82
Average Price Accepted (Yield)	:	103.24 (1.908%1)
Lowest Price Accepted (Yield)	:	103.23 (1.909%1)
Pro-rata Ratio	:	About 40%
Average Tender Price (Yield)	:	102.67 (1.977%1)

* Calculated as the amount of bonds applied for over the amount of bonds issued.
 
Hong Kong Monetary Authority
23 April 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 1.899%, 1.900%, and 1.967% respectively.

 

Source: Hong Kong Monetary Authority