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Tender results of the re-opening of 10-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 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 (13 November).
A total of RMB1.0 billion 10-year Government Bonds were offered today. A total of RMB1.825 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 1.83. The average price accepted is 101.28, implying an annualised yield of 2.151%.
Hong Kong Monetary Authority
13 November 2025
HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS
Tender results of 10-year RMB HKSAR Institutional Government Bonds:-
| Tender Date | : | 13 November 2025 |
| Issue Number | : | 10GB3505001 (Re-open) |
| Stock Code | : | 85024 (HKGB2.29 3505-R) |
| Issue and Settlement Date | : | 17 November 2025 |
| Tenor | : | 10 years |
| Maturity Date | : | 15 May 2035 |
| Coupon Rate | : | 2.29% |
| Amount Applied | : | RMB1.825 billion |
| Amount Allotted | : | RMB1.0 billion |
| Bid-to-Cover Ratio* | : | 1.83 |
| Average Price Accepted (Yield) | : | 101.28 (2.151%1) |
| Lowest Price Accepted (Yield) | : | 100.93 (2.193%1) |
| Pro-rata Ratio | : | About 76% |
| Average Tender Price (Yield) | : | 100.76 (2.213%1) |
Hong Kong Monetary Authority
13 November 2025
Source: Hong Kong Monetary Authority
