Tender results of re-opening of 3-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 3-year RMB institutional Government Bonds through the re-opening of existing Government Bond (issue number 03GB2807001) under the Infrastructure Bond Programme was held today (November 6).
A total of RMB1.0 billion 3-year Government Bonds were offered today. A total of RMB4.81 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 4.81. The average price accepted is 99.63, implying an annualised yield of 1.737 per cent.
HKSAR Institutional Government Bonds Tender Results
Tender results of 3-year RMB HKSAR Institutional Government Bonds:
| Tender Date | : | November 6, 2025 |
| Issue Number | : | 03GB2807001 (Re-open) |
| Stock Code | : | 85039 (HKGB1.59 2807-R) |
| Issue and Settlement Date | : | November 10, 2025 |
| Tenor | : | 3 years |
| Maturity Date | : | July 28, 2028 |
| Coupon Rate | : | 1.59 per cent |
| Amount Applied | : | RMB4.81 billion |
| Amount Allotted | : | RMB1.0 billion |
| Bid-to-Cover Ratio* | : | 4.81 |
| Average Price Accepted (Yield) | : | 99.63 (1.737 per cent (Note)) |
| Lowest Price Accepted (Yield) | : | 99.61 (1.745 per cent (Note)) |
| Pro-rata Ratio | : | About 100 per cent |
| Average Tender Price (Yield) | : | 99.45 (1.806 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 1.729 per cent, 1.738 per cent, and 1.798 per cent respectively.
Ends/Thursday, November 6, 2025
Issued at HKT 17:05
Issued at HKT 17:05
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