Tender results of 1-year RMB HKSAR Institutional Government Bonds
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 RMB institutional Government Bonds (issue number 01GB2604001) under the Infrastructure Bond Programme was held today (24 April).
A total of RMB1.5 billion 1-year Government Bonds were offered today. A total of RMB11.140 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 7.43. The average price accepted is 100.05, implying an annualised yield of 1.686%.
Hong Kong Monetary Authority
24 April 2025
HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS
Tender results of 1-year RMB HKSAR Institutional Government Bonds:-
|
Tender Date |
: |
24 April 2025 |
|
Issue Number |
: |
01GB2604001 |
|
Stock Code |
: |
85022 (HKGB1.73 2604-R) |
|
Issue and Settlement Date |
: |
28 April 2025 |
|
Tenor |
: |
1 year |
|
Maturity Date |
: |
28 April 2026 |
|
Coupon Rate |
: |
1.73% |
|
Amount Applied |
: |
RMB11.140 billion |
|
Amount Allotted |
: |
RMB1.5 billion |
|
Bid-to-Cover Ratio* |
: |
7.43 |
|
Average Price Accepted (Yield) |
: |
100.05 (1.686%1) |
|
Lowest Price Accepted (Yield) |
: |
100.02 (1.717%1) |
|
Pro-rata Ratio |
: |
About 45% |
|
Average Tender Price (Yield) |
: |
99.94 (1.804%1) |
* Calculated as the amount of notes applied for over the amount of notes issued.
Hong Kong Monetary Authority
24 April 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 1.679%, 1.710%, and 1.796% respectively.