Results of 2-year RMB HKSAR Institutional Government Bonds tender through re-opening
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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 2-year RMB institutional Government Bonds through the re-opening of existing Government Bond (issue number 03GB2807001) under the Infrastructure Bond Programme was held today (May 14).
A total of RMB0.75 billion 2-year Government Bonds were offered today. A total of RMB8.185 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 10.91. The average price accepted is 100.31, implying an annualised yield of 1.453 per cent.
HKSAR Institutional Government Bonds Tender Results
Tender results of 2-year RMB HKSAR Institutional Government Bonds:
| Tender Date | : | May 14, 2026 |
| Issue Number | : | 03GB2807001 (Re-open) |
| Stock Code | : | 85039 (HKGB1.59 2807-R) |
| Issue and Settlement Date | : | May 18, 2026 |
| Tenor | : | 2 years |
| Maturity Date | : | July 28, 2028 |
| Coupon Rate | : | 1.59 per cent |
| Amount Applied | : | RMB8.185 billion |
| Amount Allotted | : | RMB0.75 billion |
| Bid-to-Cover Ratio* | : | 10.91 |
| Average Price Accepted (Yield) | : | 100.31 (1.453 per cent (Note)) |
| Lowest Price Accepted (Yield) | : | 100.21 (1.498 per cent (Note)) |
| Pro-rata Ratio | : | About 23 per cent |
| Average Tender Price (Yield) | : | 100.06 (1.569 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 1.448 per cent, 1.492 per cent, and 1.563 per cent respectively.
Ends/Thursday, May 14, 2026
Issued at HKT 16:30
Issued at HKT 16:30
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