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 HKD institutional Government Bonds through the re-opening of existing Government Bond (issue number 03GB2710001) under the Infrastructure Bond Programme was held today (19 February).
A total of HK$2.0 billion 3-year Government Bonds were offered today. A total of HK$9.320 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 4.66. The average price accepted is 98.80, implying an annualised yield of 3.391%.
Hong Kong Monetary Authority
19 February 2025
HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS
Tender results of 3-year HKD HKSAR Institutional Government Bonds:-
| Tender Date | : | 19 February 2025 | 
|---|---|---|
| Issue Number | : | 03GB2710001 (Re-open) | 
| Stock Code | : | 4283 (HKGB 2.89 2710) | 
| Issue and Settlement Date | : | 20 February 2025 | 
| Tenor | : | 3 years | 
| Maturity Date | : | 25 October 2027 | 
| Coupon Rate | : | 2.89% | 
| Amount Applied | : | HK$9.320 billion | 
| Amount Allotted | : | HK$2.0 billion | 
| Bid-to-Cover Ratio* | : | 4.66 | 
| Average Price Accepted (Yield) | : | 98.80 (3.391%) | 
| Lowest Price Accepted (Yield) | : | 98.65 (3.450%) | 
| Pro-rata Ratio | : | About 80% | 
| Average Tender Price (Yield) | : | 98.42 (3.542%) | 
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
19 February 2025