Results of 10-year RMB HKSAR Institutional Government Bonds tender through re-opening

Source: Hong Kong Government special administrative region

Results of 10-year RMB HKSAR Institutional Government Bonds tender through re-opening
     A total of RMB1.25 billion 10-year Government Bonds were offered today. A total of RMB10.810 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 8.65. The average price accepted is 104.42, implying an annualised yield of 1.754 per cent.

HKSAR Institutional Government Bonds Tender Results

     Tender results of 10-year RMB HKSAR Institutional Government Bonds:*Calculated as the amount of bonds applied for over the amount of bonds issued.

Note: 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 1.746 per cent, 1.780 per cent, and 1.859 per cent respectively.

Ends/Thursday, July 23, 2026
Issued at HKT 19:00

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Tender Date

July 23, 2026

Issue Number

10GB3505001 (Re-open)

Stock Code

85024 (HKGB2.29 3505-R)

Issue and Settlement Date

July 27, 2026

Tenor

10 years

Maturity Date

May 15, 2035

Coupon Rate

2.29 per cent

Amount Applied

RMB10.810 billion

Amount Allotted

RMB1.25 billion

Bid-to-Cover Ratio*

8.65

Average Price Accepted (Yield)

104.42 (1.754 per cent (Note))

Lowest Price Accepted (Yield)

104.14 (1.787 per cent (Note))

Pro-rata Ratio

About 81 per cent

Average Tender Price (Yield)

103.49 (1.867 per cent (Note))