RegStream

The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced that a tender of 2-year RMB institutional Government Bonds through the re-opening of existing Government Bond (issue number 02GB2611001) under the Infrastructure Bond Programme was held today (13 February).

A total of RMB1. 5 billion 2-year Government Bonds were offered today. A total of RMB5. 350 billion tender applications were received. The bid-to-cover ratio, i. e. the ratio of bonds applied for to bonds issued, is 3. 57. The average price accepted is 99. 63, implying an annualised yield of 2. 272%.

Hong Kong Monetary Authority 13 February 2025

HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS

Tender results of 2-year RMB HKSAR Institutional Government Bonds:-

Tender Date

:

13 February 2025

Issue Number

:

02GB2611001 (Re-open)

Stock Code

:

84585 (HKGB2. 04 2611-R)

Issue and Settlement Date

:

17 February 2025

Tenor

:

2 years

Maturity Date

:

18 November 2026

Coupon Rate

:

2. 04%

Amount Applied

:

RMB5. 350 billion

Amount Allotted

:

RMB1. 5 billion

Bid-to-Cover Ratio*

:

3. 57

Average Price Accepted (Yield)

:

99. 63 (2. 272%1)

Lowest Price Accepted (Yield)

:

99. 57 (2. 304%1)

Pro-rata Ratio

:

About 86%

Average Tender Price (Yield)

:

99. 22 (2. 513%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. 259%, 2. 291%, and 2. 497% respectively.