Tender results of the re-opening of 5-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 of 5-year RMB institutional Government Bonds through the re-opening of existing Government Bond (issue number 05GB3005001) under the Infrastructure Bond Programme was held today (14 August).
A total of RMB1.25 billion 5-year Government Bonds were offered today. A total of RMB3.781 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.02. The average price accepted is 101.27, implying an annualised yield of 1.697%.
Hong Kong Monetary Authority
14 August 2025
HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS
Tender results of 5-year RMB HKSAR Institutional Government Bonds:-
|
Tender Date |
: |
14 August 2025 |
|
Issue Number |
: |
05GB3005001 (Re-open) |
|
Stock Code |
: |
85023 (HKGB1.97 3005-R) |
|
Issue and Settlement Date |
: |
18 August 2025 |
|
Tenor |
: |
5 years |
|
Maturity Date |
: |
15 May 2030 |
|
Coupon Rate |
: |
1.97% |
|
Amount Applied |
: |
RMB3.781 billion |
|
Amount Allotted |
: |
RMB1.25 billion |
|
Bid-to-Cover Ratio* |
: |
3.02 |
|
Average Price Accepted (Yield) |
: |
101.27 (1.697%1) |
|
Lowest Price Accepted (Yield) |
: |
101.13 (1.728%1) |
|
Pro-rata Ratio |
: |
About 75% |
|
Average Tender Price (Yield) |
: |
100.86 (1.788%1) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
14 August 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 1.690%, 1.721%, and 1.780% respectively.