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 HKD institutional Government Bonds (issue number 10GB3501001) under the Infrastructure Bond Programme was held today (15 January).
A total of HK$2.0 billion 10-year Government Bonds were offered today. A total of HK$7.250 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.63. The average price accepted is 98.66, implying an annualised yield of 4.044%.
Hong Kong Monetary Authority
15 January 2025
HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS
Tender results of 10-year HKD HKSAR Institutional Government Bonds:-
Tender Date |
: |
15 January 2025 |
---|---|---|
Issue Number |
: |
10GB3501001 |
Stock Code |
: |
4288 (HKGB 3.84 3501) |
Issue and Settlement Date |
: |
16 January 2025 |
Tenor |
: |
10 years |
Maturity Date |
: |
16 January 2035 |
Coupon Rate |
: |
3.84% |
Amount Applied |
: |
HK$7.250 billion |
Amount Allotted |
: |
HK$2.0 billion |
Bid-to-Cover Ratio* |
: |
3.63 |
Average Price Accepted (Yield) |
: |
98.66 (4.044%) |
Lowest Price Accepted (Yield) |
: |
98.29 (4.091%) |
Pro-rata Ratio |
: |
About 45% |
Average Tender Price (Yield) |
: |
96.69 (4.295%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
15 January 2025