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