Results of 10-year RMB HKSAR Institutional Government Bonds tender through re-opening

Press Releases

23 Apr 2026

Results of 10-year RMB HKSAR Institutional Government Bonds tender through re-opening

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 (23 April).

A total of RMB1.5 billion 10-year Government Bonds were offered today. A total of RMB10.235 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 6.82. The average price accepted is 103.24, implying an annualised yield of 1.908%.

 

Hong Kong Monetary Authority
23 April 2026

 

HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS

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

Tender Date

:

23 April 2026

Issue Number

:

10GB3505001 (Re-open)

Stock Code

:

85024 (HKGB2.29 3505-R)

Issue and Settlement Date

:

27 April 2026

Tenor

:

10 years

Maturity Date

:

15 May 2035

Coupon Rate

:

2.29%

Amount Applied

:

RMB10.235 billion

Amount Allotted

:

RMB1.5 billion

Bid-to-Cover Ratio*

:

6.82

Average Price Accepted (Yield)

:

103.24 (1.908%1)

Lowest Price Accepted (Yield)

:

103.23 (1.909%1)

Pro-rata Ratio

:

About 40%

Average Tender Price (Yield)

:

102.67 (1.977%1)

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

 

Hong Kong Monetary Authority
23 April 2026

 

 


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 1.899%, 1.900%, and 1.967% respectively.

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Last revision date : 23 April 2026