Tender results of 1-year HONIA-indexed Floating Rate Notes
The following is issued by the Hong Kong Monetary Authority:
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 01GH2602001) under the Infrastructure Bond Programme was held today (19 February).
A total of HK$1.5 billion 1-year HONIA-indexed Floating Rate Notes were offered today. A total of HK$7.299 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of notes applied for to notes issued, is 4.87. The highest spread accepted is 0.20%.
Hong Kong Monetary Authority
19 February 2025
HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS
Tender results of 1-year HONIA-indexed Floating Rate Notes:-
|
Tender Date |
: |
19 February 2025 |
|
Issue Number |
: |
01GH2602001 |
|
Stock Code |
: |
4289 (HKGB FRN 2602) |
|
Issue and Settlement Date |
: |
20 February 2025 |
|
Tenor |
: |
1 year |
|
Maturity Date |
: |
20 February 2026 |
|
Amount Applied |
: |
HK$7.299 billion |
|
Amount Allotted |
: |
HK$1.5 billion |
|
Bid-to-Cover Ratio* |
: |
4.87 |
|
Highest Spread Accepted |
: |
0.20% |
|
Average Spread Accepted |
: |
0.18% |
|
Pro-rata Ratio |
: |
About 27% |
|
Average Tender Spread |
: |
0.35% |
* Calculated as the amount of notes applied for over the amount of notes issued.
Hong Kong Monetary Authority
19 February 2025