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

Press Releases

23 Jul 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 July).

A total of RMB1.25 billion 10-year Government Bonds were offered today. A total of RMB10.810 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 8.65. The average price accepted is 104.42, implying an annualised yield of 1.754%.

 

Hong Kong Monetary Authority
23 July 2026

 

HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS

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

Tender Date : 23 July 2026
Issue Number : 10GB3505001 (Re-open)
Stock Code : 85024 (HKGB2.29 3505-R)
Issue and Settlement Date : 27 July 2026
Tenor : 10 years
Maturity Date : 15 May 2035
Coupon Rate : 2.29%
Amount Applied : RMB10.810 billion
Amount Allotted : RMB1.25 billion
Bid-to-Cover Ratio* : 8.65
Average Price Accepted (Yield) : 104.42 (1.754%1)
Lowest Price Accepted (Yield) : 104.14 (1.787%1)
Pro-rata Ratio : About 81%
Average Tender Price (Yield) : 103.49 (1.867%1)

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

 

Hong Kong Monetary Authority
23 July 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 1.746%, 1.780%, and 1.859% respectively.

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Last revision date : 23 July 2026