Tender results of 1-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 for 1-year RMB institutional Government Bonds (issue number 01GB2612001) under the Infrastructure Bond Programme was held today (December 4).
A total of RMB1.0 billion 1-year Government Bonds were offered today. A total of RMB5.280 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 5.28. The average price accepted is 100.04, implying an annualised yield of 1.566 per cent.
HKSAR Institutional Government Bonds Tender Results
Tender results of 1-year RMB HKSAR Institutional Government Bonds:
| Tender Date | : | December 4, 2025 |
| Issue Number | : | 01GB2612001 |
| Stock Code | : | 85100 (HKGB1.60 2612-R) |
| Issue and Settlement Date | : | December 8, 2025 |
| Tenor | : | 1 year |
| Maturity Date | : | December 8, 2026 |
| Coupon Rate | : | 1.60 per cent |
| Amount Applied | : | RMB5.28 billion |
| Amount Allotted | : | RMB1.0 billion |
| Bid-to-Cover Ratio* | : | 5.28 |
| Average Price Accepted (Yield) | : | 100.04 (1.566 per cent (Note)) |
| Lowest Price Accepted (Yield) | : | 100.04 (1.566 per cent (Note)) |
| Pro-rata Ratio | : | About 95 per cent |
| Average Tender Price (Yield) | : | 99.94 (1.671 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 1.559 per cent, 1.560 per cent, and 1.665 per cent respectively.
Ends/Thursday, December 4, 2025
Issued at HKT 16:00
Issued at HKT 16:00
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