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Tender results of 3-year RMB HKSAR Institutional Government Bonds

Press Releases

24 Jul 2025

Tender results of 3-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 3-year RMB institutional Government Bonds (issue number 03GB2807001) under the Infrastructure Bond Programme was held today (24 July).

A total of RMB1.25 billion 3-year Government Bonds were offered today. A total of RMB8.072 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 6.46. The average price accepted is 100.03, implying an annualised yield of 1.585%.

 

Hong Kong Monetary Authority
24 July 2025

 

HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS

Tender results of 3-year RMB HKSAR Institutional Government Bonds:-

Tender Date

:

24 July 2025

Issue Number

:

03GB2807001

Stock Code

:

85039 (HKGB1.59 2807-R)

Issue and Settlement Date

:

28 July 2025

Tenor

:

3 years

Maturity Date

:

28 July 2028

Coupon Rate

:

1.59%

Amount Applied

:

RMB8.072 billion

Amount Allotted

:

RMB1.25 billion

Bid-to-Cover Ratio*

:

6.46

Average Price Accepted (Yield)

:

100.03 (1.585%1)

Lowest Price Accepted (Yield)

:

99.97 (1.607%1)

Pro-rata Ratio

:

About 27%

Average Tender Price (Yield)

:

99.79 (1.668%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 1.579%, 1.600%, and 1.661% respectively.

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Last revision date : 24 July 2025