The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced that a tender for 3-year RMB institutional Government Bonds (issue number 03GB2710002) under the Infrastructure Bond Programme was held today (24 October).
A total of RMB1.0 billion 3-year Government Bonds were offered today. A total of RMB7.212 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 7.21. The average price accepted is 100.54, implying an annualised yield of 1.953%.
Hong Kong Monetary Authority
24 October 2024
HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS
Tender results of 3-year RMB HKSAR Institutional Government Bonds:-
|
Tender Date |
: |
24 October 2024 |
|---|---|---|
|
Issue Number |
: |
03GB2710002 |
|
Stock Code |
: |
84574 (HKGB2.13 2710-R) |
|
Issue and Settlement Date |
: |
28 October 2024 |
|
Tenor |
: |
3 years |
|
Maturity Date |
: |
28 October 2027 |
|
Coupon Rate |
: |
2.13% |
|
Amount Applied |
: |
RMB7.212 billion |
|
Amount Allotted |
: |
RMB1.0 billion |
|
Bid-to-Cover Ratio* |
: |
7.21 |
|
Average Price Accepted (Yield) |
: |
100.54 (1.953%) |
|
Lowest Price Accepted (Yield) |
: |
100.29 (2.040%) |
|
Pro-rata Ratio |
: |
About 45% |
|
Average Tender Price (Yield) |
: |
99.99 (2.146%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
24 October 2024