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 3-year RMB institutional Government Bonds (issue number 03GB2710002) under the Infrastructure Bond Programme was held today (October 24).
A total of RMB1.0 billion 3-year Government Bonds were offered today. A total of RMB7.212 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 7.21. The average price accepted is 100.54, implying an annualised yield of 1.953 pre cent.
HKSAR Institutional Government Bonds Tender Results
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Tender results of 3-year RMB HKSAR Institutional Government Bonds:
| Tender Date | : | October 24, 2024 |
| Issue Number | : | 03GB2710002 |
| Stock Code | : | 84574 (HKGB2.13 2710-R) |
| Issue and Settlement Date | : | October 28, 2024 |
| Tenor | : | 3 years |
| Maturity Date | : | October 28, 2027 |
| Coupon Rate | : | 2.13 per cent |
| Amount Applied | : | RMB7.212 billion |
| Amount Allotted | : | RMB1.0 billion |
| Bid-to-Cover Ratio* | : | 7.21 |
| Average Price Accepted (Yield) | : | 100.54 (1.953 per cent) |
| Lowest Price Accepted (Yield) | : | 100.29 (2.040 per cent) |
| Pro-rata Ratio | : | About 45 per cent |
| Average Tender Price (Yield) | : | 99.99 (2.146 per cent) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
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