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Tender results of 1-year RMB HKSAR Institutional Government Bonds

Press Releases

24 Jul 2025

Tender results of 1-year RMB 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 1-year RMB institutional Government Bonds (issue number 01GB2607001) under the Infrastructure Bond Programme was held today (24 July).

A total of RMB1.5 billion 1-year Government Bonds were offered today. A total of RMB7.813 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 5.21. The average price accepted is 99.99, implying an annualised yield of 1.500%.

 

Hong Kong Monetary Authority
24 July 2025

 

HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS

Tender results of 1-year RMB HKSAR Institutional Government Bonds:-

Tender Date

:

24 July 2025

Issue Number

:

01GB2607001

Stock Code

:

85038 (HKGB1.48 2607-R)

Issue and Settlement Date

:

28 July 2025

Tenor

:

1 year

Maturity Date

:

28 July 2026

Coupon Rate

:

1.48%

Amount Applied

:

RMB7.813 billion

Amount Allotted

:

RMB1.5 billion

Bid-to-Cover Ratio*

:

5.21

Average Price Accepted (Yield)

:

99.99 (1.500%1)

Lowest Price Accepted (Yield)

:

99.97 (1.516%1)

Pro-rata Ratio

:

About 60%

Average Tender Price (Yield)

:

99.88 (1.613%1)

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

 

Hong Kong Monetary Authority
24 July 2025

 

1 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 1.494%, 1.510%, and 1.606% respectively.

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Last revision date : 24 July 2025