The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced that a tender for 3-year HKD institutional Government Bonds (issue number 03GB2804001) under the Infrastructure Bond Programme was held today (24 April).
A total of HK$4.5 billion 3-year Government Bonds were offered today. A total of HK$11.163 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.48. The average price accepted is 100.08, implying an annualised yield of 2.751%.
Hong Kong Monetary Authority
24 April 2025
HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS
Tender results of 3-year HKD HKSAR Institutional Government Bonds:-
Tender Date |
: |
24 April 2025 |
---|---|---|
Issue Number |
: |
03GB2804001 |
Stock Code |
: |
4291 (HKGB 2.76 2804) |
Issue and Settlement Date |
: |
25 April 2025 |
Tenor |
: |
3 years |
Maturity Date |
: |
25 April 2028 |
Coupon Rate |
: |
2.76% |
Amount Applied |
: |
HK$11.163 billion |
Amount Allotted |
: |
HK$4.5 billion |
Bid-to-Cover Ratio* |
: |
2.48 |
Average Price Accepted (Yield) |
: |
100.08 (2.751%) |
Lowest Price Accepted (Yield) |
: |
99.99 (2.783%) |
Pro-rata Ratio |
: |
About 34% |
Average Tender Price (Yield) |
: |
99.88 (2.821%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
24 April 2025