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 HKD institutional Government Bonds (issue number 03GB2804001) under the Infrastructure Bond Programme was held today (April 24).

     A total of HK$4.5 billion 3-year Government Bonds were offered today. A total of HK$11.163 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.48. The average price accepted is 100.08, implying an annualised yield of 2.751 per cent.

HKSAR Institutional Government Bonds Tender Results

     Tender results of 3-year HKD HKSAR Institutional Government Bonds:

Tender Date	:	April 24, 2025
Issue Number	:	03GB2804001
Stock Code	:	4291 (HKGB 2.76 2804)
Issue and Settlement Date	:	April 25, 2025
Tenor	:	3 years
Maturity Date	:	April 25, 2028
Coupon Rate	:	2.76 per cent
Amount Applied	:	HK$11.163 billion
Amount Allotted	:	HK$4.5 billion
Bid-to-Cover Ratio*	:	2.48
Average Price Accepted (Yield)	:	100.08 (2.751 per cent)
Lowest Price Accepted (Yield)	:	99.99 (2.783 per cent)
Pro-rata Ratio	:	About 34 per cent
Average Tender Price (Yield)	:	99.88 (2.821 per cent)

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

Ends/Thursday, April 24, 2025
Issued at HKT 17:06

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