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 for 5-year RMB institutional Government Bonds (issue number 05GB3105001) under the Infrastructure Bond Programme was held today (May 14).
      
     A total of RMB1.25 billion 5-year Government Bonds were offered today. A total of RMB8.775 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 7.02. The average price accepted is 100.24, implying an annualised yield of 1.637 per cent.
 
HKSAR Institutional Government Bonds Tender Results
 
     Tender results of 5-year RMB HKSAR Institutional Government Bonds:
 

Tender Date	:	May 14, 2026
Issue Number	:	05GB3105001
Stock Code	:	85122 (HKGB1.68 3105-R)
Issue and Settlement Date	:	May 18, 2026
Tenor	:	5 years
Maturity Date	:	May 19, 2031
Coupon Rate	:	1.68 per cent
Amount Applied	:	RMB8.775 billion
Amount Allotted	:	RMB1.25 billion
Bid-to-Cover Ratio*	:	7.02
Average Price Accepted (Yield)	:	100.24 (1.637 per cent (Note))
Lowest Price Accepted (Yield)	:	100.20 (1.645 per cent (Note))
Pro-rata Ratio	:	About 74 per cent
Average Tender Price (Yield)	:	99.81 (1.727 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 1.631 per cent, 1.638 per cent, and 1.720 per cent respectively.

Ends/Thursday, May 14, 2026
Issued at HKT 16:30

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