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Tender results of the re-opening of 10-year HKD HKSAR Institutional Government Bonds

Press Releases

05 Nov 2025

Tender results of the re-opening 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 of 10-year HKD institutional Government Bonds through the re-opening of existing Government Bond (issue number 10GB3507001) under the Infrastructure Bond Programme was held today (5 November).

A total of HK$1.0 billion 10-year Government Bonds were offered today. A total of HK$5.448 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 5.45. The average price accepted is 102.55, implying an annualised yield of 2.888%.

 

Hong Kong Monetary Authority
5 November 2025

 

HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS

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

Tender Date

:

5 November 2025

Issue Number

:

10GB3507001 (Re-open)

Stock Code

:

4294 (HKGB 3.17 3507)

Issue and Settlement Date

:

6 November 2025

Tenor

:

10 years

Maturity Date

:

24 July 2035

Coupon Rate

:

3.17%

Amount Applied

:

HK$5.448 billion

Amount Allotted

:

HK$1.0 billion

Bid-to-Cover Ratio*

:

5.45

Average Price Accepted (Yield)

:

102.55 (2.888%)

Lowest Price Accepted (Yield)

:

102.45 (2.899%)

Pro-rata Ratio

:

About 92%

Average Tender Price (Yield)

:

100.73 (3.105%)

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

 

Hong Kong Monetary Authority
5 November 2025

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Last revision date : 05 November 2025