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

Press Releases

11 Nov 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 01GH2711001) under the Infrastructure Bond Programme was held today (11 November).

A total of HK$1.5 billion 1-year HONIA-indexed Floating Rate Notes were offered today. A total of HK$5.155 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of notes applied for to notes issued, is 3.44. The highest spread accepted is 0.38%.

 

Hong Kong Monetary Authority
11 November 2026

 

HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS

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

Tender Date : 11 November 2026
Issue Number : 01GH2711001
Stock Code : 4212 (HKGB FRN 2711)
Issue and Settlement Date : 12 November 2026
Tenor : 1 year
Maturity Date : 12 November 2027
Amount Applied : HK$5.155 billion
Amount Allotted : HK$1.5 billion
Bid-to-Cover Ratio* : 3.44
Highest Spread Accepted : 0.38%
Average Spread Accepted : 0.23%
Pro-rata Ratio : About 68%
Average Tender Spread : 0.44%

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

 

Hong Kong Monetary Authority
11 November 2026

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Last revision date : 11 November 2026