3-Year HKD Government Bond Tender Raises HK$0.75B at 2.331% Yield
Summary
The Hong Kong Monetary Authority, as representative of the HKSAR Government, announced results of a 3-year HKD institutional Government Bond tender through re-opening under the Infrastructure Bond Programme. A total of HK$0.75 billion in bonds were issued against HK$4.592 billion in applications, yielding a bid-to-cover ratio of 6.12. The average accepted price was 103.15, implying an annualised yield of 2.331%. Settlement is 23 April 2026 with maturity on 5 December 2029.
“A total of HK$0.75 billion 3-year Government Bonds were offered today. A total of HK$4.592 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 103.15, implying an annualised yield of 2.331%.”
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GovPing monitors HKMA Press Releases for new banking & finance regulatory changes. Every update since tracking began is archived, classified, and available as free RSS or email alerts — 73 changes logged to date.
What changed
The HKMA published the results of a 3-year HKD institutional Government Bond tender (issue number 05GB2912001) under the Infrastructure Bond Programme. HK$0.75 billion was allotted to institutional investors at an average accepted price of 103.15 (2.331% annualised yield). The high demand is evidenced by a 6.12 bid-to-cover ratio, with HK$4.592 billion in applications received against only HK$0.75 billion offered. For market participants and financial institutions, this tender demonstrates strong appetite for HKSAR government debt and provides benchmark pricing for similar tenor instruments in the HKD market.
Archived snapshot
Apr 23, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
Results of 3-year HKD HKSAR Institutional Government Bonds tender through re-opening
Press Releases
22 Apr 2026
Results of 3-year HKD 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 3-year HKD institutional Government Bonds through the re-opening of existing Government Bond (issue number 05GB2912001) under the Infrastructure Bond Programme was held today (22 April).
A total of HK$0.75 billion 3-year Government Bonds were offered today. A total of HK$4.592 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 103.15, implying an annualised yield of 2.331%.
Hong Kong Monetary Authority
22 April 2026
HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS
Tender results of 3-year HKD HKSAR Institutional Government Bonds:-
| Tender Date | : | 22 April 2026 |
|---|---|---|
| Issue Number | : | 05GB2912001 (Re-open) |
| Stock Code | : | 4284 (HKGB 3.23 2912) |
| Issue and Settlement Date | : | 23 April 2026 |
| Tenor | : | 3 years |
| Maturity Date | : | 5 December 2029 |
| Coupon Rate | : | 3.23% |
| Amount Applied | : | HK$4.592 billion |
| Amount Allotted | : | HK$0.75 billion |
| Bid-to-Cover Ratio* | : | 6.12 |
| Average Price Accepted (Yield) | : | 103.15 (2.331%) |
| Lowest Price Accepted (Yield) | : | 102.94 (2.391%) |
| Pro-rata Ratio | : | About 1% |
| Average Tender Price (Yield) | : | 102.40 (2.549%) |
- Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
22 April 2026
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