Tender results of the re-opening of 10-year RMB HKSAR Institutional Government Bonds

Press Releases

13 Feb 2025

Tender results of the re-opening of 10-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 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

 

 


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 2.568%, 2.598%, and 2.685% respectively.

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Last revision date : 13 February 2025