The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced that a tender of 10-year RMB institutional Government Bonds through the re-opening of existing Government Bond (issue number 10GB3411001) under the Infrastructure Bond Programme was held today (13 February).
A total of RMB1.0 billion 10-year Government Bonds were offered today. A total of RMB3.166 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.17. The average price accepted is 99.07, implying an annualised yield of 2.585%.
Hong Kong Monetary Authority
13 February 2025
HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS
Tender results of 10-year RMB HKSAR Institutional Government Bonds:-
Tender Date |
: |
13 February 2025 |
---|---|---|
Issue Number |
: |
10GB3411001 (Re-open) |
Stock Code |
: |
84586 (HKGB2.46 3411-R) |
Issue and Settlement Date |
: |
17 February 2025 |
Tenor |
: |
10 years |
Maturity Date |
: |
20 November 2034 |
Coupon Rate |
: |
2.46% |
Amount Applied |
: |
RMB3.166 billion |
Amount Allotted |
: |
RMB1.0 billion |
Bid-to-Cover Ratio* |
: |
3.17 |
Average Price Accepted (Yield) |
: |
99.07 (2.585%1) |
Lowest Price Accepted (Yield) |
: |
98.82 (2.614%1) |
Pro-rata Ratio |
: |
About 86% |
Average Tender Price (Yield) |
: |
98.08 (2.703%1) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
13 February 2025