Hong Kong Monetary Authority

12/05/2024 | Press release | Distributed by Public on 12/05/2024 02:00

Tender results of 1-year RMB HKSAR Institutional Government Bonds

Tender results of 1-year RMB HKSAR Institutional Government Bonds

Press Releases

05 Dec 2024

Tender results of 1-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 for 1-year RMB institutional Government Bonds (issue number 01GB2512001) under the Infrastructure Bond Programme was held today (5 December).

A total of RMB1.5 billion 1-year Government Bonds were offered today. A total of RMB6.258 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 4.17. The average price accepted is 100.33, implying an annualised yield of 2.055%.

Hong Kong Monetary Authority
5 December 2024

HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS

Tender results of 1-year RMB HKSAR Institutional Government Bonds:-

Tender Date

:

5 December 2024

Issue Number

:

01GB2512001

Stock Code

:

84595 (HKGB2.38 2512-R)

Issue and Settlement Date

:

9 December 2024

Tenor

:

1 year

Maturity Date

:

9 December 2025

Coupon Rate

:

2.38%

Amount Applied

:

RMB6.258 billion

Amount Allotted

:

RMB1.5 billion

Bid-to-Cover Ratio*

:

4.17

Average Price Accepted (Yield)

:

100.33 (2.055%)

Lowest Price Accepted (Yield)

:

100.33 (2.055%)

Pro-rata Ratio

:

About 96%

Average Tender Price (Yield)

:

100.18 (2.214%)

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

Hong Kong Monetary Authority
5 December 2024