Tender results of 10-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 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) |
: |
101.71 (2.111%1) |
|
Pro-rata Ratio |
: |
About 55% |
|
Average Tender Price (Yield) |
: |
100.48 (2.248%1) |
* Calculated as the amount of notes applied for over the amount of notes 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 2.077%, 2.100%, and 2.236% respectively.