Tender results of re-opening of 5-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 5-year RMB institutional Government Bonds through the re-opening of existing Government Bond (issue number 05GB3005001) under the Infrastructure Bond Programme was held today (August 14).
A total of RMB1.25 billion 5-year Government Bonds were offered today. A total of RMB3.781 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.02. The average price accepted is 101.27, implying an annualised yield of 1.697 per cent.
HKSAR Institutional Government Bonds Tender Results
Tender results of 5-year RMB HKSAR Institutional Government Bonds:
| Tender Date | : | August 14, 2025 |
| Issue Number | : | 05GB3005001 (Re-open) |
| Stock Code | : | 85023 (HKGB1.97 3005-R) |
| Issue and Settlement Date | : | August 18, 2025 |
| Tenor | : | 5 years |
| Maturity Date | : | May 15, 2030 |
| Coupon Rate | : | 1.97 per cent |
| Amount Applied | : | RMB3.781 billion |
| Amount Allotted | : | RMB1.25 billion |
| Bid-to-Cover Ratio* | : | 3.02 |
| Average Price Accepted (Yield) | : | 101.27 (1.697 per cent (Note)) |
| Lowest Price Accepted (Yield) | : | 101.13 (1.728 per cent (Note)) |
| Pro-rata Ratio | : | About 75 per cent |
| Average Tender Price (Yield) | : | 100.86 (1.788 per cent (Note)) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
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 1.690 per cent, 1.721 per cent, and 1.780 per cent respectively.
Ends/Thursday, August 14, 2025
Issued at HKT 19:01
Issued at HKT 19:01
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