Results of 1-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 1-year RMB institutional Government Bonds through the re-opening of existing Government Bond (issue number 02GB2705001) under the Infrastructure Bond Programme was held today (July 23).
A total of RMB0.75 billion 1-year Government Bonds were offered today. A total of RMB6.628 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 8.84. The average price accepted is 100.34, implying an annualised yield of 1.286 per cent.
HKSAR Institutional Government Bonds Tender Results
Tender results of 1-year RMB HKSAR Institutional Government Bonds:
| Tender Date | : | July 23, 2026 |
| Issue Number | : | 02GB2705001 (Re-open) |
| Stock Code | : | 85010 (HKGB1.71 2705-R) |
| Issue and Settlement Date | : | July 27, 2026 |
| Tenor | : | 1 year |
| Maturity Date | : | May 17, 2027 |
| Coupon Rate | : | 1.71 per cent |
| Amount Applied | : | RMB6.628 billion |
| Amount Allotted | : | RMB0.75 billion |
| Bid-to-Cover Ratio* | : | 8.84 |
| Average Price Accepted (Yield) | : | 100.34 (1.286 per cent (Note)) |
| Lowest Price Accepted (Yield) | : | 100.34 (1.288 per cent (Note)) |
| Pro-rata Ratio | : | About 61 per cent |
| Average Tender Price (Yield) | : | 100.26 (1.387 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 1.282 per cent, 1.284 per cent, and 1.382 per cent respectively.
Ends/Thursday, July 23, 2026
Issued at HKT 19:00
Issued at HKT 19:00
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