Results of 5-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 5-year RMB institutional Government Bonds through the re-opening of existing Government Bond (issue number 05GB3105001) under the Infrastructure Bond Programme was held today (13 August).
A total of RMB1.25 billion 5-year Government Bonds were offered today. A total of RMB4.955 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.96. The average price accepted is 100.71, implying an annualised yield of 1.529%.
 
Hong Kong Monetary Authority
13 August 2026
 
HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS
Tender results of 5-year RMB HKSAR Institutional Government Bonds:-

Tender Date	:	13 August 2026
Issue Number	:	05GB3105001 (Re-open)
Stock Code	:	85122 (HKGB1.68 3105-R)
Issue and Settlement Date	:	17 August 2026
Tenor	:	5 years
Maturity Date	:	19 May 2031
Coupon Rate	:	1.68%
Amount Applied	:	RMB4.955 billion
Amount Allotted	:	RMB1.25 billion
Bid-to-Cover Ratio*	:	3.96
Average Price Accepted (Yield)	:	100.71 (1.529%1)
Lowest Price Accepted (Yield)	:	100.59 (1.557%1)
Pro-rata Ratio	:	About 96%
Average Tender Price (Yield)	:	100.25 (1.632%1)

* Calculated as the amount of bonds applied for over the amount of bonds issued.
 
Hong Kong Monetary Authority
13 August 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 1.524%, 1.551%, and 1.625% respectively.

 

Source: Hong Kong Monetary Authority