Tender results of re-opening of 20-year HKD HKSAR Institutional Government Bonds
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The Hong Kong Monetary Authority, as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced that a tender of 20-year HKD institutional Government Bonds through the re-opening of existing Government Bond (issue number 20GB4503001) under the Infrastructure Bond Programme was held today (February 4).
A total of HK$0.5 billion 20-year Government Bonds were offered today. A total of HK$2.875 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 5.75. The average price accepted is 102.83, implying an annualised yield of 3.816 per cent.
HKSAR Institutional Government Bonds Tender Results
Tender results of 20-year HKD HKSAR Institutional Government Bonds:
| Tender Date | : | February 4, 2026 |
| Issue Number | : | 20GB4503001 (Re-open) |
| Stock Code | : | 4290 (HKGB 3.99 4503) |
| Issue and Settlement Date | : | February 5, 2026 |
| Tenor | : | 20 years |
| Maturity Date | : | March 6, 2045 |
| Coupon Rate | : | 3.99 per cent |
| Amount Applied | : | HK$2.875 billion |
| Amount Allotted | : | HK$0.5 billion |
| Bid-to-Cover Ratio* | : | 5.75 |
| Average Price Accepted (Yield) | : | 102.83 (3.816 per cent) |
| Lowest Price Accepted (Yield) | : | 102.55 (3.837 per cent) |
| Pro-rata Ratio | : | About 80 per cent |
| Average Tender Price (Yield) | : | 100.76 (3.972 per cent) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, February 4, 2026
Issued at HKT 17:00
Issued at HKT 17:00
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