{"id":642892,"date":"2026-08-13T10:06:35","date_gmt":"2026-08-13T10:06:35","guid":{"rendered":"https:\/\/Blockchain.News\/news\/hkma-reopens-5-year-rmb-bonds-2026"},"modified":"2026-08-13T10:06:35","modified_gmt":"2026-08-13T10:06:35","slug":"hkma-reopens-5-year-rmb-bonds-allots-rmb1-25b-at-1-529","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/08\/13\/hkma-reopens-5-year-rmb-bonds-allots-rmb1-25b-at-1-529\/","title":{"rendered":"HKMA Reopens 5-Year RMB Bonds, Allots RMB1.25B at 1.529%"},"content":{"rendered":"
\n

Caroline Bishop<\/a> Aug 13, 2026 10:06<\/span> <\/p>\n

Hong Kong Monetary Authority reopens 5-year RMB HKSAR government bonds, issuing RMB1.25 billion with a 1.529% average yield amid strong demand.<\/p>\n

\"HKMA <\/a> <\/figure>\n

The Hong Kong Monetary Authority (HKMA) successfully concluded a re-opening of its 5-year RMB institutional government bonds on August 13, issuing RMB1.25 billion under the Infrastructure Bond Programme. The bonds were met with strong demand, attracting RMB4.955 billion in applications, resulting in a bid-to-cover ratio of 3.96. The average accepted price was 100.71, translating to an annualised yield of 1.529%.<\/p>\n

This latest issuance, designated stock code 85122 (HKGB1.68 3105-R), carries a coupon rate of 1.68% and matures on May 19, 2031. Settlement is scheduled for August 17, 2026. The lowest accepted price was 100.59, giving a yield of 1.557%, while the average tender price came in at 100.25, implying a higher average yield of 1.632%.<\/p>\n

The re-opening reflects Hong Kong\u2019s ongoing commitment to developing its local bond market and solidifying its role as a major offshore renminbi (RMB) hub. With RMB-denominated bonds, the HKSAR Government aims to support RMB yield curve formation and market infrastructure, while also funding strategic infrastructure projects key to Hong Kong\u2019s long-term growth.<\/p>\n

This auction follows similar issuances in recent months, including a 7-year RMB bond tendered on June 25, which achieved a bid-to-cover ratio of 8.47 and an average yield of 1.742%. By comparison, the current 5-year bond yield of 1.529% underscores demand for shorter-tenor debt, possibly tied to investor views on interest rate trends and the state of the broader macroeconomic environment.<\/p>\n

The HKSAR Government Bond Programme, under which these bonds are issued, has been instrumental in promoting bond market liquidity and depth in Hong Kong. The RMB-denominated segment plays a strategic role in enhancing Hong Kong\u2019s positioning in offshore RMB business, particularly as international interest in RMB assets grows amid China\u2019s gradual financial opening.<\/p>\n

For investors, the 5-year bond\u2019s yield of 1.529% sits competitively within the current RMB fixed-income landscape, offering a moderate risk-return profile backed by the HKSAR Government. The high bid-to-cover ratio of 3.96 highlights robust appetite for government-guaranteed RMB instruments, despite continued global economic uncertainties.<\/p>\n

With settlement set for August 17, the latest issuance further strengthens Hong Kong\u2019s capital market infrastructure and reinforces its dual role as a financial hub and a conduit for RMB internationalization. Market participants will be closely watching future tenders to gauge yield trends and investor sentiment in the evolving fixed-income market.<\/p>\n

Image source: Shutterstock<\/i><\/span> Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Caroline Bishop Aug 13, 2026 10:06 Hong Kong Monetary Authority reopens 5-year RMB HKSAR government bonds, issuing RMB1.25 billion with a 1.529% average yield amid strong demand. The Hong Kong Monetary Authority (HKMA) successfully concluded a re-opening of its 5-year RMB institutional government bonds on August 13, issuing RMB1.25 billion under the Infrastructure Bond Programme. […]<\/p>\n","protected":false},"author":1,"featured_media":642893,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[142,21907,2011,1150,25,19441],"class_list":{"0":"post-642892","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain","8":"tag-finance","9":"tag-government-bonds","10":"tag-hkma","11":"tag-hong-kong","12":"tag-news","13":"tag-rmb-bonds"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/642892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=642892"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/642892\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/642893"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=642892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=642892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=642892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}