Result of tenders of RMB Sovereign Bonds held on July 10, 2024

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The following is issued on behalf of the Hong Kong Monetary Authority:
 
     Result of the tenders of RMB Sovereign Bonds held on July 10, 2024:
 

Tender Result
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Tender Date : July 10, 2024
Bonds available for Tender : 2-year RMB Bonds
Issuer : The Ministry of Finance of the People’s Republic of China
Issue Number : BCMKFB24001 (Further Issuance)
Issue and Settlement Date : July 12, 2024
Maturity Date : March 15, 2026 (or the closest coupon payment date)
Coupon Rate : 2.20 per cent
Application Amount : RMB 9,417 million
Issue Amount : RMB 3,000 million
Average Accepted Price : 100.14
Lowest Accepted Price : 100.08
Highest Accepted Price : 100.66
Allocation Ratio (At Lowest Accepted Price) : Approximately 22.21 per cent

 

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Tender Date : July 10, 2024
Bonds available for Tender : 3-year RMB Bonds
Issuer : The Ministry of Finance of the People’s Republic of China
Issue Number : BCMKFB24002 (Further Issuance)
Issue and Settlement Date : July 12, 2024
Maturity Date : March 15, 2027 (or the closest coupon payment date)
Coupon Rate : 2.28 per cent
Application Amount : RMB 9,479 million
Issue Amount : RMB 3,000 million
Average Accepted Price : 100.34
Lowest Accepted Price : 100.21
Highest Accepted Price : 101.12
Allocation Ratio (At Lowest Accepted Price) : Approximately 24.20 per cent

 

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Tender Date : July 10, 2024
Bonds available for Tender : 5-year RMB Bonds
Issuer : The Ministry of Finance of the People’s Republic of China
Issue Number : BCMKFB24003 (Further Issuance)
Issue and Settlement Date : July 12, 2024
Maturity Date : March 15, 2029 (or the closest coupon payment date)
Coupon Rate : 2.39 per cent
Application Amount : RMB 10,039 million
Issue Amount : RMB 3,000 million
Average Accepted Price : 100.70
Lowest Accepted Price : 100.41
Highest Accepted Price : 102.19
Allocation Ratio (At Lowest Accepted Price) : Approximately 80.00 per cent

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