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