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Results of 3-year HKD 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 HKD institutional Government Bonds through the re-opening of existing Government Bond (issue number 05GB2912001) under the Infrastructure Bond Programme was held today (21 October).
A total of HK$0.75 billion 3-year Government Bonds were offered today. A total of HK$3.537 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 4.72. The average price accepted is 98.38, implying an annualised yield of 3.821%.
Hong Kong Monetary Authority
21 October 2026
HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS
Tender results of 3-year HKD HKSAR Institutional Government Bonds:-
| Tender Date | : | 21 October 2026 |
| Issue Number | : | 05GB2912001 (Re-open) |
| Stock Code | : | 4284 (HKGB 3.23 2912) |
| Issue and Settlement Date | : | 22 October 2026 |
| Tenor | : | 3 years |
| Maturity Date | : | 5 December 2029 |
| Coupon Rate | : | 3.23% |
| Amount Applied | : | HK$3.537 billion |
| Amount Allotted | : | HK$0.75 billion |
| Bid-to-Cover Ratio* | : | 4.72 |
| Average Price Accepted (Yield) | : | 98.38 (3.821%) |
| Lowest Price Accepted (Yield) | : | 98.24 (3.870%) |
| Pro-rata Ratio | : | About 23% |
| Average Tender Price (Yield) | : | 98.08 (3.928%) |
Hong Kong Monetary Authority
21 October 2026
Source: Hong Kong Monetary Authority
