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Tender results of 10-year HKD HKSAR Institutional Government Bonds

Press Releases

23 Jul 2025

Tender results of 10-year HKD HKSAR Institutional Government Bonds

The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced that a tender for 10-year HKD institutional Government Bonds (issue number 10GB3507001) under the Infrastructure Bond Programme was held today (23 July).

A total of HK$2.0 billion 10-year Government Bonds were offered today. A total of HK$10.545 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 5.27. The average price accepted is 100.43, implying an annualised yield of 3.144%.

 

Hong Kong Monetary Authority
23 July 2025

 

HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS

Tender results of 10-year HKD HKSAR Institutional Government Bonds:-

Tender Date

:

23 July 2025

Issue Number

:

10GB3507001

Stock Code

:

4294 (HKGB 3.17 3507)

Issue and Settlement Date

:

24 July 2025

Tenor

:

10 years

Maturity Date

:

24 July 2035

Coupon Rate

:

3.17%

Amount Applied

:

HK$10.545 billion

Amount Allotted

:

HK$2.0 billion

Bid-to-Cover Ratio*

:

5.27

Average Price Accepted (Yield)

:

100.43 (3.144%)

Lowest Price Accepted (Yield)

:

100.21 (3.170%)

Pro-rata Ratio

:

About 95%

Average Tender Price (Yield)

:

99.13 (3.299%)

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

 

Hong Kong Monetary Authority
23 July 2025

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Last revision date : 23 July 2025