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 (22 October).
A total of RMB0.75 billion 2-year Government Bonds were offered today. A total of RMB7.450 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 9.93. The average price accepted is 100.33, implying an annualised yield of 1.401%.
 
Hong Kong Monetary Authority
22 October 2026
 
HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS
Tender results of 2-year RMB HKSAR Institutional Government Bonds:-

Tender Date	:	22 October 2026
Issue Number	:	03GB2807001 (Re-open)
Stock Code	:	85039 (HKGB1.59 2807-R)
Issue and Settlement Date	:	26 October 2026
Tenor	:	2 years
Maturity Date	:	28 July 2028
Coupon Rate	:	1.59%
Amount Applied	:	RMB7.450 billion
Amount Allotted	:	RMB0.75 billion
Bid-to-Cover Ratio*	:	9.93
Average Price Accepted (Yield)	:	100.33 (1.401%1)
Lowest Price Accepted (Yield)	:	100.31 (1.415%1)
Pro-rata Ratio	:	About 45%
Average Tender Price (Yield)	:	100.20 (1.478%1)

* Calculated as the amount of bonds applied for over the amount of bonds issued.
 
Hong Kong Monetary Authority
22 October 2026
 

 

Source: Hong Kong Monetary Authority