Tender results of the re-opening of 10-year RMB HKSAR Institutional Government Bonds
The Hong Kong Monetary Authority (HKMA), as representative of the Hong
Kong Special Administrative Region Government (HKSAR Government),
announced that a tender of 10-year RMB institutional Government Bonds
through the re-opening of existing Government Bond (issue number
10GB3411001) under the Infrastructure Bond Programme was held today
(13 February).
A total of RMB1. 0 billion 10-year Government
Bonds were offered today. A total of RMB3. 166 billion tender
applications were received. The bid-to-cover ratio, i. e. the ratio of
bonds applied for to bonds issued, is 3. 17. The average price
accepted is 99. 07, implying an annualised yield of 2. 585%.
Hong Kong Monetary Authority 13 February 2025
HKSAR
INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS
Tender results
of 10-year RMB HKSAR Institutional Government Bonds:-
Tender
Date
:
13 February 2025
Issue Number
:
10GB3411001 (Re-open)
Stock Code
:
84586 (HKGB2. 46 3411-R)
Issue and Settlement Date
:
17 February 2025
Tenor
:
10 years
Maturity Date
:
20 November
2034
Coupon Rate
:
2. 46%
Amount
Applied
:
RMB3. 166 billion
Amount Allotted
:
RMB1. 0 billion
Bid-to-Cover Ratio*
:
3. 17
Average Price Accepted (Yield)
:
99. 07 (2. 585%1)
Lowest Price Accepted
(Yield)
:
98. 82 (2. 614%1)
Pro-rata Ratio
:
About 86%
Average Tender Price (Yield)
:
98. 08 (2. 703%1)
* Calculated as the amount
of bonds applied for over the amount of bonds issued.
Hong
Kong Monetary Authority 13 February 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. 568%, 2. 598%, and 2. 685%
respectively.