Tender results of the re-opening of 5-year RMB HKSAR Institutional Government Bonds

Press Releases

06 Mar 2025

Tender results of the re-opening of 5-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 of 5-year RMB institutional Government Bonds through the re-opening of existing Government Bond (issue number 05GB2912002) under the Infrastructure Bond Programme was held today (6 March).

A total of RMB1.5 billion 5-year Government Bonds were offered today. A total of RMB5.180 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.45. The average price accepted is 100.13, implying an annualised yield of 2.354%.

 

Hong Kong Monetary Authority
6 March 2025

 

HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS

Tender results of 5-year RMB HKSAR Institutional Government Bonds:-

Tender Date

:

6 March 2025

Issue Number

:

05GB2912002 (Re-open)

Stock Code

:

84596 (HKGB2.37 2912-R)

Issue and Settlement Date

:

10 March 2025

Tenor

:

5 years

Maturity Date

:

10 December 2029

Coupon Rate

:

2.37%

Amount Applied

:

RMB5.180 billion

Amount Allotted

:

RMB1.5 billion

Bid-to-Cover Ratio*

:

3.45

Average Price Accepted (Yield)

:

100.13 (2.354%1)

Lowest Price Accepted (Yield)

:

99.91 (2.404%1)

Pro-rata Ratio

:

About 7%

Average Tender Price (Yield)

:

99.75 (2.440%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 2.340%, 2.390%, and 2.425% respectively.

Latest Press Releases
Last revision date : 06 March 2025