The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced that a tender for 10-year RMB institutional Government Bonds (issue number 10GB3505001) under the Infrastructure Bond Programme was held today (13 May).
A total of RMB1.0 billion 10-year Government Bonds were offered today. A total of RMB6.814 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 6.81. The average price accepted is 101.91, implying an annualised yield of 2.088%.
Hong Kong Monetary Authority
13 May 2025
HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS
Tender results of 10-year RMB HKSAR Institutional Government Bonds:-
Tender Date |
: |
13 May 2025 |
---|---|---|
Issue Number |
: |
10GB3505001 |
Stock Code |
: |
85024 (HKGB2.29 3505-R) |
Issue and Settlement Date |
: |
15 May 2025 |
Tenor |
: |
10 years |
Maturity Date |
: |
15 May 2035 |
Coupon Rate |
: |
2.29% |
Amount Applied |
: |
RMB6.814 billion |
Amount Allotted |
: |
RMB1.0 billion |
Bid-to-Cover Ratio* |
: |
6.81 |
Average Price Accepted (Yield) |
: |
101.91 (2.088%1) |
Lowest Price Accepted (Yield) |
: |
100.71 (2.111%1) |
Pro-rata Ratio |
: |
About 55% |
Average Tender Price (Yield) |
: |
100.48 (2.248%1) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
13 May 2025