HKMA reports 6.02 bid-to-cover ratio for 10-year bond tender
The Hong Kong Monetary Authority (HKMA) announced the results of a tender for HK$1.0 billion 10-year institutional Government Bonds. The tender saw a bid-to-cover ratio of 6.02 and an average accepted yield of 3.190 percent.
Strong Investor Demand
The Hong Kong Monetary Authority, representing the Hong Kong Special Administrative Region Government (HKSAR Government), offered HK$1.0 billion in 10-year institutional Government Bonds.
This tender was a re-opening of the existing Government Bond issue number 10GB3507001.
It attracted significant interest, with total applications reaching HK$6.024 billion, resulting in a robust bid-to-cover ratio of 6.02.
This reflects strong investor demand for the long-term government debt.
Pricing and Yield Details
The 10-year bonds were accepted at an average price of 100.04, implying an annualised yield of 3.190 percent.
The lowest accepted price stood at 99.88, with a corresponding yield of 3.210 percent.
These bonds carry a coupon rate of 3.17 percent and are set to mature on 24 July 2035.
The issue and settlement date for this re-opened tranche is 15 January 2026.