Tender results of the re-opening of 2-year RMB HKSAR Institutional Government Bonds

Press Releases

13 Feb 2025

Tender results of the re-opening of 2-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 of 2-year RMB institutional Government Bonds through the re-opening of existing Government Bond (issue number 02GB2611001) under the Infrastructure Bond Programme was held today (13 February).

A total of RMB1.5 billion 2-year Government Bonds were offered today. A total of RMB5.350 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.57. The average price accepted is 99.63, implying an annualised yield of 2.272%.

 

Hong Kong Monetary Authority
13 February 2025

 

HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS

Tender results of 2-year RMB HKSAR Institutional Government Bonds:-

Tender Date

:

13 February 2025

Issue Number

:

02GB2611001 (Re-open)

Stock Code

:

84585 (HKGB2.04 2611-R)

Issue and Settlement Date

:

17 February 2025

Tenor

:

2 years

Maturity Date

:

18 November 2026

Coupon Rate

:

2.04%

Amount Applied

:

RMB5.350 billion

Amount Allotted

:

RMB1.5 billion

Bid-to-Cover Ratio*

:

3.57

Average Price Accepted (Yield)

:

99.63 (2.272%1)

Lowest Price Accepted (Yield)

:

99.57 (2.304%1)

Pro-rata Ratio

:

About 86%

Average Tender Price (Yield)

:

99.22 (2.513%1)

* Calculated as the amount of bonds applied for over the amount of bonds issued.

 

Hong Kong Monetary Authority
13 February 2025

 

 


1 The yields stated above are annualised yields. For reference, the semi-annualised yields corresponding to the average price accepted, lowest price accepted, and average tender price are 2.259%, 2.291%, and 2.497% respectively.

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Last revision date : 13 February 2025