Tender results of 1-year HONIA-indexed Floating Rate Notes

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12 Aug 2026

Tender results of 1-year HONIA-indexed Floating Rate Notes

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 HONIA-indexed Floating Rate Notes (issue number 01GH2708001) under the Infrastructure Bond Programme was held today (12 August).

A total of HK$1.5 billion 1-year HONIA-indexed Floating Rate Notes were offered today. A total of HK$5.625 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of notes applied for to notes issued, is 3.75. The highest spread accepted is 0.26%.

 

Hong Kong Monetary Authority
12 August 2026

 

HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS

Tender results of 1-year HONIA-indexed Floating Rate Notes:-

Tender Date : 12 August 2026
Issue Number : 01GH2708001
Stock Code : 4207 (HKGB FRN 2708)
Issue and Settlement Date : 13 August 2026
Tenor : 1 year
Maturity Date : 13 August 2027
Amount Applied : HK$5.625 billion
Amount Allotted : HK$1.5 billion
Bid-to-Cover Ratio* : 3.75
Highest Spread Accepted : 0.26%
Average Spread Accepted : 0.20%
Pro-rata Ratio : About 15%
Average Tender Spread : 0.41%

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

 

Hong Kong Monetary Authority
12 August 2026

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Last revision date : 12 August 2026