The following is issued on behalf of the Hong Kong Monetary Authority:

     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 HKD institutional Government Bonds through the re-opening of existing Government Bond (issue number 10GB3507001) under the Infrastructure Bond Programme was held today (January 14).
      
     A total of HK$1.0 billion 10-year Government Bonds were offered today. A total of HK$6.024 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 6.02. The average price accepted is 100.04, implying an annualised yield of 3.190 per cent.
      
HKSAR Institutional Government Bonds Tender Results

     Tender results of 10-year HKD HKSAR Institutional Government Bonds:
 

Tender Date	:	January 14, 2026
Issue Number	:	10GB3507001 (Re-open)
Stock Code	:	4294 (HKGB 3.17 3507)
Issue and Settlement Date	:	January 15, 2026
Tenor	:	10 years
Maturity Date	:	July 24, 2035
Coupon Rate	:	3.17 per cent
Amount Applied	:	HK$6.024 billion
Amount Allotted	:	HK$1.0 billion
Bid-to-Cover Ratio*	:	6.02
Average Price Accepted (Yield)	:	100.04 (3.190 per cent)
Lowest Price Accepted (Yield)	:	99.88 (3.210 per cent)
Pro-rata Ratio	:	About 57 per cent
Average Tender Price (Yield)	:	99.20 (3.295 per cent)

* Calculated as the amount of bonds applied for over the amount of bonds issued.

Ends/Wednesday, January 14, 2026
Issued at HKT 16:45

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