Tender results of the re-opening of 3-year HKD HKSAR Institutional Government Bonds

Press Releases

19 Feb 2025

Tender results of the re-opening of 3-year HKD 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 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

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Last revision date : 19 February 2025