Tender results of re-opening of 3-year HKD HKSAR Institutional Government Bonds
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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 03GB2804001) under the Infrastructure Bond Programme was held today (July 23).
A total of HK$2.0 billion 3-year Government Bonds were offered today. A total of HK$6.998 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.50. The average price accepted is 101.90, implying an annualised yield of 2.057 per cent.
HKSAR Institutional Government Bonds Tender Results
Tender results of 3-year HKD HKSAR Institutional Government Bonds:
| Tender Date | : | July 23, 2025 |
| Issue Number | : | 03GB2804001 (Re-open) |
| Stock Code | : | 4291 (HKGB 2.76 2804) |
| Issue and Settlement Date | : | July 24, 2025 |
| Tenor | : | 3 years |
| Maturity Date | : | April 25, 2028 |
| Coupon Rate | : | 2.76 per cent |
| Amount Applied | : | HK$6.998 billion |
| Amount Allotted | : | HK$2.0 billion |
| Bid-to-Cover Ratio* | : | 3.50 |
| Average Price Accepted (Yield) | : | 101.90 (2.057 per cent) |
| Lowest Price Accepted (Yield) | : | 101.65 (2.151 per cent) |
| Pro-rata Ratio | : | About 15 per sent |
| Average Tender Price (Yield) | : | 101.33 (2.270 per cent) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, July 23, 2025
Issued at HKT 17:15
Issued at HKT 17:15
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