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Tender results of 2-year RMB HKSAR Institutional Government Bonds
The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced that a tender for 2-year RMB institutional Government Bonds (issue number 02GB2711001) under the Infrastructure Bond Programme was held today (13 November).
A total of RMB1.25 billion 2-year Government Bonds were offered today. A total of RMB7.650 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 6.12. The average price accepted is 100.11, implying an annualised yield of 1.660%.
Hong Kong Monetary Authority
13 November 2025
HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS
Tender results of 2-year RMB HKSAR Institutional Government Bonds:-
| Tender Date | : | 13 November 2025 |
| Issue Number | : | 02GB2711001 |
| Stock Code | : | 85089 (HKGB1.71 2711-R) |
| Issue and Settlement Date | : | 17 November 2025 |
| Tenor | : | 2 years |
| Maturity Date | : | 17 November 2027 |
| Coupon Rate | : | 1.71% |
| Amount Applied | : | RMB7.65 billion |
| Amount Allotted | : | RMB1.25 billion |
| Bid-to-Cover Ratio* | : | 6.12 |
| Average Price Accepted (Yield) | : | 100.11 (1.660%1) |
| Lowest Price Accepted (Yield) | : | 100.04 (1.697%1) |
| Pro-rata Ratio | : | About 66% |
| Average Tender Price (Yield) | : | 99.94 (1.749%1) |
Hong Kong Monetary Authority
13 November 2025
Source: Hong Kong Monetary Authority
