The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced that a tender of 10-year RMB institutional Government Bonds through the re-opening of existing Government Bond (issue number 10GB3505001) under the Infrastructure Bond Programme was held today (7 August).
A total of RMB1.5 billion 10-year Government Bonds were offered today. A total of RMB6.863 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 4.58. The average price accepted is 103.93, implying an annualised yield of 1.857%.
Hong Kong Monetary Authority
7 August 2025
HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS
Tender results of 10-year RMB HKSAR Institutional Government Bonds:-
Tender Date |
: |
7 August 2025 |
---|---|---|
Issue Number |
: |
10GB3505001 (Re-open) |
Stock Code |
: |
85024 (HKGB2.29 3505-R) |
Issue and Settlement Date |
: |
11 August 2025 |
Tenor |
: |
10 years |
Maturity Date |
: |
15 May 2035 |
Coupon Rate |
: |
2.29% |
Amount Applied |
: |
RMB6.863 billion |
Amount Allotted |
: |
RMB1.5 billion |
Bid-to-Cover Ratio* |
: |
4.58 |
Average Price Accepted (Yield) |
: |
103.93 (1.857%1) |
Lowest Price Accepted (Yield) |
: |
103.66 (1.887%1) |
Pro-rata Ratio |
: |
About 49% |
Average Tender Price (Yield) |
: |
102.94 (1.967%1) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
7 August 2025