Results of 2-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 2-year RMB institutional Government Bonds through the re-opening of existing Government Bond (issue number 03GB2807001) under the Infrastructure Bond Programme was held today (13 August).
A total of RMB0.75 billion 2-year Government Bonds were offered today. A total of RMB5.350 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 7.13. The average price accepted is 100.34, implying an annualised yield of 1.418%.
 
Hong Kong Monetary Authority
13 August 2026
 
HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS
Tender results of 2-year RMB HKSAR Institutional Government Bonds:-

Tender Date	:	13 August 2026
Issue Number	:	03GB2807001 (Re-open)
Stock Code	:	85039 (HKGB1.59 2807-R)
Issue and Settlement Date	:	17 August 2026
Tenor	:	2 years
Maturity Date	:	28 July 2028
Coupon Rate	:	1.59%
Amount Applied	:	RMB5.350 billion
Amount Allotted	:	RMB0.75 billion
Bid-to-Cover Ratio*	:	7.13
Average Price Accepted (Yield)	:	100.34 (1.418%1)
Lowest Price Accepted (Yield)	:	100.31 (1.433%1)
Pro-rata Ratio	:	About 23%
Average Tender Price (Yield)	:	100.17 (1.506%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 1.413%, 1.428%, and 1.500% respectively.

 

Source: Hong Kong Monetary Authority