Tender results of 1-year HONIA-indexed Floating Rate Notes

The following is issued on behalf of 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 1-year HONIA-indexed Floating Rate Notes (issue number 01GH2511001) under the Infrastructure Bond Programme was held today (November 20).
      
     A total of HK$1.5 billion 1-year HONIA-indexed Floating Rate Notes were offered today. A total of HK$4.095 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of notes applied for to notes issued, is 2.73. The highest spread accepted is 0.22 per cent.

HKSAR Institutional Government Bonds Tender Results
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     Tender results of 1-year HONIA-indexed Floating Rate Notes:
 

Tender Date : November 20, 2024
Issue Number : 01GH2511001
Stock Code : 4285 (HKGB FRN 2511)
Issue and Settlement Date : November 21, 2024
Tenor : 1 year
Maturity Date : November 21, 2025
Amount Applied : HK$4.095 billion
Amount Allotted : HK$1.5 billion
Bid-to-Cover Ratio* : 2.73
Highest Spread Accepted : 0.22 per cent
Average Spread Accepted : 0.18 per cent
Pro-rata Ratio : About 76 per cent
Average Tender Spread : 0.40 per cent

* Calculated as the amount of notes applied for over the amount of notes issued.