Tender results of 10-year HKD HKSAR Institutional Government Bonds

Press Releases

15 Jan 2025

Tender results of 10-year HKD 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 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

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Last revision date : 15 January 2025