Tender results of re-opening of 10-year RMB 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 10-year RMB institutional Government Bonds through the re-opening of existing Government Bond (issue number 10GB3505001) under the Infrastructure Bond Programme was held today (August 7).
A total of RMB1.5 billion 10-year Government Bonds were offered today. A total of RMB6.863 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 4.58. The average price accepted is 103.93, implying an annualised yield of 1.857 per cent.
HKSAR Institutional Government Bonds Tender Results
Tender results of 10-year RMB HKSAR Institutional Government Bonds:
| Tender Date | : | August 7, 2025 |
| Issue Number | : | 10GB3505001 (Re-open) |
| Stock Code | : | 85024 (HKGB2.29 3505-R) |
| Issue and Settlement Date | : | August 11, 2025 |
| Tenor | : | 10 years |
| Maturity Date | : | May 15, 2035 |
| Coupon Rate | : | 2.29 per cent |
| Amount Applied | : | RMB6.863 billion |
| Amount Allotted | : | RMB1.5 billion |
| Bid-to-Cover Ratio* | : | 4.58 |
| Average Price Accepted (Yield) | : | 103.93 (1.857 per cent (Note)) |
| Lowest Price Accepted (Yield) | : | 103.66 (1.887 per cent (Note)) |
| Pro-rata Ratio | : | About 49 per cent |
| Average Tender Price (Yield) | : | 102.94 (1.967 per cent (Note)) |
Note: The yields stated above are annualised yields. For reference, the semi-annualised yields corresponding to the average price accepted, lowest price accepted, and average tender price are 1.848 per cent, 1.878 per cent, and 1.957 per cent respectively.
Ends/Thursday, August 7, 2025
Issued at HKT 18:00
Issued at HKT 18:00
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