The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced that a tender of 3-year RMB institutional Government Bonds through the re-opening of existing Government Bond (issue number 03GB2710002) under the Infrastructure Bond Programme was held today (16 January).
A total of RMB1.5 billion Government Bonds were offered today. A total of RMB5.991 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.99. The average price accepted is 99.55, implying an annualised yield of 2.312%.
Hong Kong Monetary Authority
16 January 2025
HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS
Tender results of 3-year RMB HKSAR Institutional Government Bonds:-
Tender Date |
: |
16 January 2025 |
---|---|---|
Issue Number |
: |
03GB2710002 (Re-open) |
Stock Code |
: |
84574 (HKGB2.13 2710-R) |
Issue and Settlement Date |
: |
20 January 2025 |
Tenor |
: |
3 years |
Maturity Date |
: |
28 October 2027 |
Coupon Rate |
: |
2.13% |
Amount Applied |
: |
RMB5.991 billion |
Amount Allotted |
: |
RMB1.5 billion |
Bid-to-Cover Ratio* |
: |
3.99 |
Average Price Accepted (Yield) |
: |
99.55 (2.312%) |
Lowest Price Accepted (Yield) |
: |
99.46 (2.346%) |
Pro-rata Ratio |
: |
About 17% |
Average Tender Price (Yield) |
: |
98.59 (2.677%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
16 January 2025