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