The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced that a tender for 2-year RMB institutional Government Bonds (issue number 02GB2611001) under the Infrastructure Bond Programme was held today (14 November).
A total of RMB1.0 billion 2-year Government Bonds were offered today. A total of RMB5.409 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 5.41. The average price accepted is 99.98, implying an annualised yield of 2.062%.
Hong Kong Monetary Authority
14 November 2024
HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS
Tender results of 2-year RMB HKSAR Institutional Government Bonds:-
| 
 Tender Date  | 
 :  | 
 14 November 2024  | 
|---|---|---|
| 
 Issue Number  | 
 :  | 
 02GB2611001  | 
| 
 Stock Code  | 
 :  | 
 84585 (HKGB2.04 2611-R)  | 
| 
 Issue and Settlement Date  | 
 :  | 
 18 November 2024  | 
| 
 Tenor  | 
 :  | 
 2 years  | 
| 
 Maturity Date  | 
 :  | 
 18 November 2026  | 
| 
 Coupon Rate  | 
 :  | 
 2.04%  | 
| 
 Amount Applied  | 
 :  | 
 RMB5.409 billion  | 
| 
 Amount Allotted  | 
 :  | 
 RMB1.0 billion  | 
| 
 Bid-to-Cover Ratio*  | 
 :  | 
 5.41  | 
| 
 Average Price Accepted (Yield)  | 
 :  | 
 99.98 (2.062%)  | 
| 
 Lowest Price Accepted (Yield)  | 
 :  | 
 99.82 (2.144%)  | 
| 
 Pro-rata Ratio  | 
 :  | 
 About 62%  | 
| 
 Average Tender Price (Yield)  | 
 :  | 
 99.64 (2.240%)  | 
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
14 November 2024