Tender results of 10-year RMB HKSAR Institutional Government Bonds

Press Releases

14 Nov 2024

Tender results of 10-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 10-year RMB institutional Government Bonds (issue number 10GB3411001) under the Infrastructure Bond Programme was held today (14 November).

A total of RMB1.5 billion 10-year Government Bonds were offered today. A total of RMB4.361 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.91. The average price accepted is 100.18, implying an annualised yield of 2.454%.

 

Hong Kong Monetary Authority
14 November 2024

 

HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS

Tender results of 10-year RMB HKSAR Institutional Government Bonds:-

Tender Date

:

14 November 2024

Issue Number

:

10GB3411001

Stock Code

:

84586 (HKGB2.46 3411-R)

Issue and Settlement Date

:

18 November 2024

Tenor

:

10 years

Maturity Date

:

20 November 2034

Coupon Rate

:

2.46%

Amount Applied

:

RMB4.361 billion

Amount Allotted

:

RMB1.5 billion

Bid-to-Cover Ratio*

:

2.91

Average Price Accepted (Yield)

:

100.18 (2.454%)

Lowest Price Accepted (Yield)

:

99.44 (2.540%)

Pro-rata Ratio

:

About 81%

Average Tender Price (Yield)

:

98.81 (2.613%)

* 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