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 (December 4).
A total of RMB1.0 billion 5-year Government Bonds were offered today. A total of RMB2.155 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.16. The average price accepted is 100.31, implying an annualised yield of 1.905 per cent.
HKSAR Institutional Government Bonds Tender Results
Tender results of 5-year RMB HKSAR Institutional Government Bonds:
| Tender Date | : | December 4, 2025 |
| Issue Number | : | 05GB3005001 (Re-open) |
| Stock Code | : | 85023 (HKGB1.97 3005-R) |
| Issue and Settlement Date | : | December 8, 2025 |
| Tenor | : | 5 years |
| Maturity Date | : | May 20, 2030 |
| Coupon Rate | : | 1.97 per cent |
| Amount Applied | : | RMB2.155 billion |
| Amount Allotted | : | RMB1.0 billion |
| Bid-to-Cover Ratio* | : | 2.16 |
| Average Price Accepted (Yield) | : | 100.31 (1.905 per cent (Note)) |
| Lowest Price Accepted (Yield) | : | 100.21 (1.930 per cent (Note)) |
| Pro-rata Ratio | : | About 58 per cent |
| Average Tender Price (Yield) | : | 100.13 (1.948 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 1.896 per cent, 1.920 per cent, and 1.938 per cent respectively.
Ends/Thursday, December 4, 2025
Issued at HKT 16:00
Issued at HKT 16:00
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