Tender results of 5-year RMB HKSAR Institutional Government Bonds

Press Releases

13 May 2025

Tender results 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 for 5-year RMB institutional Government Bonds (issue number 05GB3005001) under the Infrastructure Bond Programme was held today (13 May).

A total of RMB1.5 billion 5-year Government Bonds were offered today. A total of RMB10.753 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 7.17. The average price accepted is 101.46, implying an annualised yield of 1.672%.

 

Hong Kong Monetary Authority
13 May 2025

 

HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS

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

Tender Date

:

13 May 2025

Issue Number

:

05GB3005001

Stock Code

:

85023 (HKGB1.97 3005-R)

Issue and Settlement Date

:

15 May 2025

Tenor

:

5 years

Maturity Date

:

15 May 2030

Coupon Rate

:

1.97%

Amount Applied

:

RMB10.753 billion

Amount Allotted

:

RMB1.5 billion

Bid-to-Cover Ratio*

:

7.17

Average Price Accepted (Yield)

:

101.46 (1.672%1)

Lowest Price Accepted (Yield)

:

100.98 (1.772%1)

Pro-rata Ratio

:

About 100%

Average Tender Price (Yield)

:

100.23 (1.930%1)

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

 

Hong Kong Monetary Authority
13 May 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 1.665%, 1.764%, and 1.921% respectively.

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Last revision date : 13 May 2025