Results of 7-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 7-year HKD institutional Government Bonds through the re-opening of existing Government Bond (issue number 07GB3302001) under the Infrastructure Bond Programme was held today (11 November).
A total of HK$1.25 billion 7-year Government Bonds were offered today. A total of HK$6.693 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 5.35. The average price accepted is 95.77, implying an annualised yield of 3.708%.
 
Hong Kong Monetary Authority
11 November 2026
 
HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS
Tender results of 7-year HKD HKSAR Institutional Government Bonds:-

Tender Date	:	11 November 2026
Issue Number	:	07GB3302001 (Re-open)
Stock Code	:	4201 (HKGB 2.91 3302)
Issue and Settlement Date	:	12 November 2026
Tenor	:	7 years
Maturity Date	:	7 February 2033
Coupon Rate	:	2.91%
Amount Applied	:	HK$6.693 billion
Amount Allotted	:	HK$1.25 billion
Bid-to-Cover Ratio*	:	5.35
Average Price Accepted (Yield)	:	95.77 (3.708%)
Lowest Price Accepted (Yield)	:	95.44 (3.771%)
Pro-rata Ratio	:	About 10%
Average Tender Price (Yield)	:	95.04 (3.847%)

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

 

Source: Hong Kong Monetary Authority