Tender results of 1-year RMB HKSAR Institutional Government Bonds

Press Releases

06 Mar 2025

Tender results of 1-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 for 1-year RMB institutional Government Bonds (issue number 01GB2603001) under the Infrastructure Bond Programme was held today (6 March).

A total of RMB2.0 billion 1-year Government Bonds were offered today. A total of RMB7.892 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.95. The average price accepted is 100.03, implying an annualised yield of 2.104%.

 

Hong Kong Monetary Authority
6 March 2025

 

HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS

Tender results of 1-year RMB HKSAR Institutional Government Bonds:-

Tender Date

:

6 March 2025

Issue Number

:

01GB2603001

Stock Code

:

85007 (HKGB2.12 2603-R)

Issue and Settlement Date

:

10 March 2025

Tenor

:

1 year

Maturity Date

:

10 March 2026

Coupon Rate

:

2.12%

Amount Applied

:

RMB7.892 billion

Amount Allotted

:

RMB2.0 billion

Bid-to-Cover Ratio*

:

3.95

Average Price Accepted (Yield)

:

100.03 (2.104%1)

Lowest Price Accepted (Yield)

:

99.99 (2.142%1)

Pro-rata Ratio

:

About 69%

Average Tender Price (Yield)

:

99.92 (2.209%1)

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

 

Hong Kong Monetary Authority
6 March 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 2.093%, 2.130%, and 2.197% respectively.

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Last revision date : 06 March 2025