Tender results of the re-opening of 3-year HKD HKSAR Institutional Government Bonds

Source: Hong Kong Government special administrative region

Tender results of the re-opening of 3-year HKD HKSAR Institutional Government Bonds 
     A total of HK$2.25 billion 3-year Government Bonds were offered today. A total of HK$10.100 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 4.49. The average price accepted is 100.96, implying an annualised yield of 2.370 per cent. 
* Calculated as the amount of bonds applied for over the amount of bonds issued.

Ends/Wednesday, November 5, 2025
Issued at HKT 18:20

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Tender Date : November 5, 2025
Issue Number : 03GB2804001 (Re-open)
Stock Code :
4291 (HKGB 2.76 2804)
 
Issue and Settlement Date : November 6, 2025
Tenor : 3 years
Maturity Date : April 25, 2028
Coupon Rate : 2.76 per cent
Amount Applied : HK$10.100 billion
Amount Allotted : HK$2.25 billion
Bid-to-Cover Ratio* : 4.49
Average Price Accepted (Yield) : 100.96 (2.370 per cent)
Lowest Price Accepted (Yield) : 100.93 (2.384 per cent)
Pro-rata Ratio : About 100 per cent
Average Tender Price (Yield) : 100.58 (2.530 per cent)