Tender results of 2-year RMB HKSAR Institutional Government Bonds

Press Releases

14 Nov 2024

Tender results of 2-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 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

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Last revision date : 14 November 2024