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