Tender results of 1-year HONIA-indexed Floating Rate Notes

11 Nov 2026
Tender results of 1-year HONIA-indexed Floating Rate Notes
The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced that a tender for 1-year HONIA-indexed Floating Rate Notes (issue number 01GH2711001) under the Infrastructure Bond Programme was held today (11 November).
A total of HK$1.5 billion 1-year HONIA-indexed Floating Rate Notes were offered today. A total of HK$5.155 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of notes applied for to notes issued, is 3.44. The highest spread accepted is 0.38%.
 
Hong Kong Monetary Authority
11 November 2026
 
HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS
Tender results of 1-year HONIA-indexed Floating Rate Notes:-

Tender Date	:	11 November 2026
Issue Number	:	01GH2711001
Stock Code	:	4212 (HKGB FRN 2711)
Issue and Settlement Date	:	12 November 2026
Tenor	:	1 year
Maturity Date	:	12 November 2027
Amount Applied	:	HK$5.155 billion
Amount Allotted	:	HK$1.5 billion
Bid-to-Cover Ratio*	:	3.44
Highest Spread Accepted	:	0.38%
Average Spread Accepted	:	0.23%
Pro-rata Ratio	:	About 68%
Average Tender Spread	:	0.44%

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

 

Source: Hong Kong Monetary Authority