Tender results of 5-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 for 5-year RMB institutional Government Bonds (issue number 05GB3105001) under the Infrastructure Bond Programme was held today (14 May).
A total of RMB1.25 billion 5-year Government Bonds were offered today. A total of RMB8.775 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 7.02. The average price accepted is 100.24, implying an annualised yield of 1.637%.
 
Hong Kong Monetary Authority
14 May 2026
 
HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS
Tender results of 5-year RMB HKSAR Institutional Government Bonds:-

Tender Date	:	14 May 2026
Issue Number	:	05GB3105001
Stock Code	:	85122 (HKGB1.68 3105-R)
Issue and Settlement Date	:	18 May 2026
Tenor	:	5 years
Maturity Date	:	19 May 2031
Coupon Rate	:	1.68%
Amount Applied	:	RMB8.775 billion
Amount Allotted	:	RMB1.25 billion
Bid-to-Cover Ratio*	:	7.02
Average Price Accepted (Yield)	:	100.24 (1.637%1)
Lowest Price Accepted (Yield)	:	100.20 (1.645%1)
Pro-rata Ratio	:	About 74%
Average Tender Price (Yield)	:	99.81 (1.727%1)

* Calculated as the amount of bonds applied for over the amount of bonds issued
 
Hong Kong Monetary Authority
14 May 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 1.631%, 1.638%, and 1.720% respectively.

 

Source: Hong Kong Monetary Authority