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Tender results of 1-year RMB HKSAR Institutional Government Bonds

Press Releases

04 Dec 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 01GB2612001) under the Infrastructure Bond Programme was held today (4 December).

A total of RMB1.0 billion 1-year Government Bonds were offered today. A total of RMB5.280 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 5.28. The average price accepted is 100.04, implying an annualised yield of 1.566%.

 

Hong Kong Monetary Authority
4 December 2025

 

HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS

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

Tender Date

:

4 December 2025

Issue Number

:

01GB2612001

Stock Code

:

85100 (HKGB1.60 2612-R)

Issue and Settlement Date

:

8 December 2025

Tenor

:

1 year

Maturity Date

:

8 December 2026

Coupon Rate

:

1.60%

Amount Applied

:

RMB5.28 billion

Amount Allotted

:

RMB1.0 billion

Bid-to-Cover Ratio*

:

5.28

Average Price Accepted (Yield)

:

100.04 (1.566%1)

Lowest Price Accepted (Yield)

:

100.04 (1.566%1)

Pro-rata Ratio

:

About 95%

Average Tender Price (Yield)

:

99.94 (1.671%1)

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

 

Hong Kong Monetary Authority
4 December 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 1.559%, 1.560%, and 1.665% respectively.

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Last revision date : 04 December 2025