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Tender results of 20-year HKD HKSAR Institutional Government Bonds

Press Releases

05 Mar 2025

Tender results of 20-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 for 20-year HKD institutional Government Bonds (issue number 20GB4503001) under the Infrastructure Bond Programme was held today (5 March).

A total of HK$0.5 billion 20-year Government Bonds were offered today. A total of HK$2.248 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 4.50. The average price accepted is 102.44, implying an annualised yield of 3.851%.

 

Hong Kong Monetary Authority
5 March 2025

 

HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS

Tender results of 20-year HKD HKSAR Institutional Government Bonds:-

Tender Date

:

5 March 2025

Issue Number

:

20GB4503001

Stock Code

:

4290 (HKGB 3.99 4503)

Issue and Settlement Date

:

6 March 2025

Tenor

:

20 years

Maturity Date

:

6 March 2045

Coupon Rate

:

3.99%

Amount Applied

:

HK$2.248 billion

Amount Allotted

:

HK$0.5 billion

Bid-to-Cover Ratio*

:

4.50

Average Price Accepted (Yield)

:

102.44 (3.851%)

Lowest Price Accepted (Yield)

:

101.62 (3.910%)

Pro-rata Ratio

:

About 39%

Average Tender Price (Yield)

:

99.13 (4.095%)

* Calculated as the amount of bonds applied for over the amount of bonds issued.

 

Hong Kong Monetary Authority
5 March 2025

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Last revision date : 05 March 2025