The Hong Kong Monetary Authority (HKMA) announced the results of a tender for 10-year HKD institutional Government Bonds, re-opening an existing issue under the Infrastructure Bond Programme. A total of HK$1.25 billion in bonds were offered, attracting HK$4.030 billion in applications, resulting in a bid-to-cover ratio of 3.22. The average accepted price was 93.06, implying an annualised yield of 4.164%.