The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced that a tender of 2-year RMB institutional Government Bonds through the re-opening of existing Government Bond (issue number 03GB2807001) under the Infrastructure Bond Programme was held today (14 May).
A total of RMB0.75 billion 2-year Government Bonds were offered today. A total of RMB8.185 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 10.91. The average price accepted is 100.31, implying an annualised yield of 1.453%.
Hong Kong Monetary Authority
14 May 2026
HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS
Tender results of 2-year RMB HKSAR Institutional Government Bonds:-
| Tender Date | : | 14 May 2026 |
|---|---|---|
| Issue Number | : | 03GB2807001 (Re-open) |
| Stock Code | : | 85039 (HKGB1.59 2807-R) |
| Issue and Settlement Date | : | 18 May 2026 |
| Tenor | : | 2 years |
| Maturity Date | : | 28 July 2028 |
| Coupon Rate | : | 1.59% |
| Amount Applied | : | RMB8.185 billion |
| Amount Allotted | : | RMB0.75 billion |
| Bid-to-Cover Ratio* | : | 10.91 |
| Average Price Accepted (Yield) | : | 100.31 (1.453%1) |
| Lowest Price Accepted (Yield) | : | 100.21 (1.498%1) |
| Pro-rata Ratio | : | About 23% |
| Average Tender Price (Yield) | : | 100.06 (1.569%1) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
14 May 2026