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Results of 15-year HKD HKSAR Institutional Government Bonds tender through re-opening
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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 15-year HKD institutional Government Bonds through the re-opening of existing Government Bond (issue number 15GB3912001) under the Infrastructure Bond Programme was held today (April 22).
      
     A total of HK$1.0 billion 15-year Government Bonds were offered today. A total of HK$4.460 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 4.46. The average price accepted is 105.06, implying an annualised yield of 3.313 per cent.
 
HKSAR Institutional Government Bonds Tender Results
 
     Tender results of 15-year HKD HKSAR Institutional Government Bonds:

* Calculated as the amount of bonds applied for over the amount of bonds issued.
 
Ends/Wednesday, April 22, 2026
Issued at HKT 18:15
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Today's Press Releases  
Tender Date : April 22, 2026
Issue Number : 15GB3912001 (Re-open)
Stock Code :
4287 (HKGB 3.75 3912)
 
Issue and Settlement Date : April 23, 2026
Tenor : 15 years
Maturity Date : December 5, 2039
Coupon Rate : 3.75 per cent
Amount Applied : HK$4.460 billion
Amount Allotted : HK$1.0 billion
Bid-to-Cover Ratio* : 4.46
Average Price Accepted (Yield) : 105.06 (3.313 per cent)
Lowest Price Accepted (Yield) : 104.76 (3.340 per cent)
Pro-rata Ratio : About 88 per cent
Average Tender Price (Yield) : 103.21 (3.482 per cent)