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 HONIA-indexed Floating Rate Notes (issue number 01GH2605001) under the Infrastructure Bond Programme was held today (14 May).
A total of HK$1.5 billion 1-year HONIA-indexed Floating Rate Notes were offered today. A total of HK$4.979 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of notes applied for to notes issued, is 3.32. The highest spread accepted is 0.21%.
Hong Kong Monetary Authority
14 May 2025
HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS
Tender results of 1-year HONIA-indexed Floating Rate Notes:-
Tender Date |
: |
14 May 2025 |
---|---|---|
Issue Number |
: |
01GH2605001 |
Stock Code |
: |
4292 (HKGB FRN 2605) |
Issue and Settlement Date |
: |
15 May 2025 |
Tenor |
: |
1 year |
Maturity Date |
: |
15 May 2026 |
Amount Applied |
: |
HK$4.979 billion |
Amount Allotted |
: |
HK$1.5 billion |
Bid-to-Cover Ratio* |
: |
3.32 |
Highest Spread Accepted |
: |
0.21% |
Average Spread Accepted |
: |
0.16% |
Pro-rata Ratio |
: |
About 71% |
Average Tender Spread |
: |
0.55% |
* Calculated as the amount of notes applied for over the amount of notes issued.
Hong Kong Monetary Authority
14 May 2025