RMB1bn 3-Year Bond Tender Results, 11.37 Bid-to-Cover Ratio
Summary
The HKMA, as representative of the HKSAR Government, announced results of a 3-year RMB bond tender under the Infrastructure Bond Programme held on 23 April 2026. RMB1.0 billion in bonds were offered with RMB11.374 billion in applications, yielding a bid-to-cover ratio of 11.37 and an average accepted price of 102.85 (1.563% annualized yield). The bonds carry a 2.37% coupon rate and will mature on 10 December 2029. This is a routine government bond auction result announcement with no compliance obligations created for regulated entities.
“A total of RMB1.0 billion 3-year Government Bonds were offered today.”
About this source
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 official results of a 3-year RMB government bond tender conducted under the Infrastructure Bond Programme re-opening. The auction attracted RMB11.374 billion in applications for RMB1.0 billion of bonds, indicating strong investor demand with an 11.37 bid-to-cover ratio. The bonds were issued at an average price of 102.85 with a 2.37% coupon, implying an annualized yield of 1.563%.
For investors and financial institutions, this announcement represents routine market information about Hong Kong government debt issuance. The high bid-to-cover ratio suggests robust demand for RMB-denominated HKSAR government bonds, and the accepted yield provides a benchmark for similar tenor instruments in the offshore RMB market. No compliance actions or regulatory obligations are created by this tender result announcement.
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 3-year RMB HKSAR Institutional Government Bonds tender through re-opening
Press Releases
23 Apr 2026
Results of 3-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 3-year RMB institutional Government Bonds through the re-opening of existing Government Bond (issue number 05GB2912002) under the Infrastructure Bond Programme was held today (23 April).
A total of RMB1.0 billion 3-year Government Bonds were offered today. A total of RMB11.374 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 11.37. The average price accepted is 102.85, implying an annualised yield of 1.563%.
Hong Kong Monetary Authority
23 April 2026
HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS
Tender results of 3-year RMB HKSAR Institutional Government Bonds:-
| Tender Date | : | 23 April 2026 |
|---|---|---|
| Issue Number | : | 05GB2912002 (Re-open) |
| Stock Code | : | 84596 (HKGB2.37 2912-R) |
| Issue and Settlement Date | : | 27 April 2026 |
| Tenor | : | 3 years |
| Maturity Date | : | 10 December 2029 |
| Coupon Rate | : | 2.37% |
| Amount Applied | : | RMB11.374 billion |
| Amount Allotted | : | RMB1.0 billion |
| Bid-to-Cover Ratio* | : | 11.37 |
| Average Price Accepted (Yield) | : | 102.85 (1.563% ) |
| Lowest Price Accepted (Yield) | : | 102.77 (1.586% ) |
| Pro-rata Ratio | : | About 100% |
| Average Tender Price (Yield) | : | 102.54 (1.651% ) |
- Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
23 April 2026
1 Theyields 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 1.557%, 1.580%, and 1.644% respectively.
Latest Press Releases
- 23 Apr 2026 Instant Message and Incoming Call Alert – Phishing instant messages and incoming calls related to Alipay Financial Services (HK) Limited
- 23 Apr 2026 Scam alert related to banks
- 23 Apr 2026 Results of 10-year RMB HKSAR Institutional Government Bonds tender through re-opening
- 23 Apr 2026 Results of 3-year RMB HKSAR Institutional Government Bonds tender through re-opening
- 22 Apr 2026 Results of 15-year HKD HKSAR Institutional Government Bonds tender through re-opening
View All View All Last revision date : 23 April 2026 Share
Related changes
Get daily alerts for HKMA Press Releases
Daily digest delivered to your inbox.
Free. Unsubscribe anytime.
About this page
Every important government, regulator, and court update from around the world. One place. Real-time. Free. Our mission
Source document text, dates, docket IDs, and authority are extracted directly from HKMA.
The summary, classification, recommended actions, deadlines, and penalty information are AI-generated from the original text and may contain errors. Always verify against the source document.
Classification
Who this affects
Taxonomy
Browse Categories
Get alerts for this source
We'll email you when HKMA Press Releases publishes new changes.
Subscribed!
Optional. Filters your digest to exactly the updates that matter to you.