Results of 10-year RMB HKSAR Institutional Government Bonds Tender Through Re-opening
Summary
The Hong Kong Monetary Authority announced results of a 10-year RMB institutional government bond tender through re-opening of issue number 10GB3505001 under the Infrastructure Bond Programme. A total of RMB1.5 billion in bonds were offered on 23 April 2026, with RMB10.235 billion in applications received, producing a bid-to-cover ratio of 6.82. The average price accepted was 103.24, implying an annualised yield of 1.908%.
“A total of RMB1.5 billion 10-year Government Bonds were offered today.”
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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 — 77 changes logged to date.
What changed
The HKMA published the results of a 10-year RMB government bond tender through re-opening under the Infrastructure Bond Programme. The auction attracted RMB10.235 billion in applications against RMB1.5 billion offered, indicating strong institutional demand with a 6.82 bid-to-cover ratio. The bonds carry a coupon rate of 2.29% with maturity set for 15 May 2035.
Primary dealers, institutional investors, and financial institutions tracking Hong Kong's government bond programme should note the settlement date of 27 April 2026 and the relatively high demand indicated by the bid-to-cover ratio. This is an informational announcement with no new compliance obligations.
Archived snapshot
Apr 24, 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 10-year RMB HKSAR Institutional Government Bonds tender through re-opening
Press Releases
23 Apr 2026
Results of 10-year RMB 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 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 (23 April).
A total of RMB1.5 billion 10-year Government Bonds were offered today. A total of RMB10.235 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 6.82. The average price accepted is 103.24, implying an annualised yield of 1.908%.
Hong Kong Monetary Authority
23 April 2026
HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS
Tender results of 10-year RMB HKSAR Institutional Government Bonds:-
| Tender Date | : | 23 April 2026 |
|---|---|---|
| Issue Number | : | 10GB3505001 (Re-open) |
| Stock Code | : | 85024 (HKGB2.29 3505-R) |
| Issue and Settlement Date | : | 27 April 2026 |
| Tenor | : | 10 years |
| Maturity Date | : | 15 May 2035 |
| Coupon Rate | : | 2.29% |
| Amount Applied | : | RMB10.235 billion |
| Amount Allotted | : | RMB1.5 billion |
| Bid-to-Cover Ratio* | : | 6.82 |
| Average Price Accepted (Yield) | : | 103.24 (1.908% ) |
| Lowest Price Accepted (Yield) | : | 103.23 (1.909% ) |
| Pro-rata Ratio | : | About 40% |
| Average Tender Price (Yield) | : | 102.67 (1.977% ) |
- Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
23 April 2026
1 The yields stated above are annualised yields. For reference, the semi-annualised yields corresponding to the average price accepted, lowest price accepted, and average tender price are 1.899%, 1.900%, and 1.967% respectively.
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