Tender results of 3-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 3-year RMB institutional Government Bonds (issue number 03GB2807001) under the Infrastructure Bond Programme was held today (24 July).
A total of RMB1.25 billion 3-year Government Bonds were offered today. A total of RMB8.072 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 6.46. The average price accepted is 100.03, implying an annualised yield of 1.585%.
Hong Kong Monetary Authority
24 July 2025
HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS
Tender results of 3-year RMB HKSAR Institutional Government Bonds:-
|
Tender Date |
: |
24 July 2025 |
|
Issue Number |
: |
03GB2807001 |
|
Stock Code |
: |
85039 (HKGB1.59 2807-R) |
|
Issue and Settlement Date |
: |
28 July 2025025 |
|
Tenor |
: |
3 years |
|
Maturity Date |
: |
28 July 2028 |
|
Coupon Rate |
: |
1.59% |
|
Amount Applied |
: |
RMB8.072 billion |
|
Amount Allotted |
: |
RMB1.25 billion |
|
Bid-to-Cover Ratio* |
: |
6.46 |
|
Average Price Accepted (Yield) |
: |
100.03 (1.585%1) |
|
Lowest Price Accepted (Yield) |
: |
99.97 (1.607%1) |
|
Pro-rata Ratio |
: |
About 27% |
|
Average Tender Price (Yield) |
: |
99.79 (1.668%1) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
24 July 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 1.579%, 1.600%, and 1.661% respectively.