Tender results of 3-year RMB HKSAR Institutional Government Bonds

Press Releases

24 Oct 2024

Tender results of 3-year RMB HKSAR Institutional Government Bonds

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

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Last revision date : 24 October 2024