Results of 3-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 3-year RMB institutional Government Bonds through the re-opening of existing Government Bond (issue number 05GB2912002) under the Infrastructure Bond Programme was held today (23 April).
A total of RMB1.0 billion 3-year Government Bonds were offered today. A total of RMB11.374 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 11.37. The average price accepted is 102.85, implying an annualised yield of 1.563%.
 
Hong Kong Monetary Authority
23 April 2026
 
HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS
Tender results of 3-year RMB HKSAR Institutional Government Bonds:-

Tender Date	:	23 April 2026
Issue Number	:	05GB2912002 (Re-open)
Stock Code	:	84596 (HKGB2.37 2912-R)
Issue and Settlement Date	:	27 April 2026
Tenor	:	3 years
Maturity Date	:	10 December 2029
Coupon Rate	:	2.37%
Amount Applied	:	RMB11.374 billion
Amount Allotted	:	RMB1.0 billion
Bid-to-Cover Ratio*	:	11.37
Average Price Accepted (Yield)	:	102.85 (1.563%1)
Lowest Price Accepted (Yield)	:	102.77 (1.586%1)
Pro-rata Ratio	:	About 100%
Average Tender Price (Yield)	:	102.54 (1.651%1)

* Calculated as the amount of bonds applied for over the amount of bonds issued.
 
Hong Kong Monetary Authority
23 April 2026
 
  ¹ Theyields 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 1.557%, 1.580%, and 1.644% respectively.

 

Source: Hong Kong Monetary Authority