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