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 3-year HKD institutional Government Bonds through the re-opening of existing Government Bond (issue number 05GB2912001) under the Infrastructure Bond Programme was held today (July 22).
      
     A total of HK$0.75 billion 3-year Government Bonds were offered today. A total of HK$7.50155 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 10.00. The average price accepted is 100.37, implying an annualised yield of 3.137 per cent.
 
HKSAR Institutional Government Bonds Tender Results
 
     Tender results of 3-year HKD HKSAR Institutional Government Bonds:
 

Tender Date	:	July 22, 2026
Issue Number	:	05GB2912001 (Re-open)
Stock Code	:	4284 (HKGB 3.23 2912)
Issue and Settlement Date	:	July 23, 2026
Tenor	:	3 years
Maturity Date	:	December 5, 2029
Coupon Rate	:	3.23 per cent
Amount Applied	:	HK$7.50155 billion
Amount Allotted	:	HK$0.75 billion
Bid-to-Cover Ratio*	:	10.00
Average Price Accepted (Yield)	:	100.37 (3.137 per cent)
Lowest Price Accepted (Yield)	:	100.29 (3.163 per cent)
Pro-rata Ratio	:	About 8 per cent
Average Tender Price (Yield)	:	100.12 (3.217 per cent)

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

Ends/Wednesday, July 22, 2026
Issued at HKT 17:30

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