Tender results of 10-year RMB HKSAR Institutional Government Bonds
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The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced that a tender for 10-year RMB institutional Government Bonds (issue number 10GB3505001) under the Infrastructure Bond Programme was held today (May 13).
A total of RMB1.0 billion 10-year Government Bonds were offered today. A total of RMB6.814 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 6.81. The average price accepted is 101.91, implying an annualised yield of 2.088 per cent.
HKSAR Institutional Government Bonds Tender Results
Tender results of 10-year RMB HKSAR Institutional Government Bonds:
| Tender Date | : | May 13, 2025 |
| Issue Number | : | 10GB3505001 |
| Stock Code | : | 85024 (HKGB2.29 3505-R) |
| Issue and Settlement Date | : | May 15, 2025 |
| Tenor | : | 10 years |
| Maturity Date | : | May 15, 2035 |
| Coupon Rate | : | 2.29 per cent |
| Amount Applied | : | RMB6.814 billion |
| Amount Allotted | : | RMB1.0 billion |
| Bid-to-Cover Ratio* | : | 6.81 |
| Average Price Accepted (Yield) | : | 101.91 (2.088 per cent (Note)) |
| Lowest Price Accepted (Yield) | : | 101.71 (2.111 per cent (Note)) |
| Pro-rata Ratio | : | About 55 per cent |
| Average Tender Price (Yield) | : | 100.48 (2.248 per cent (Note)) |
Note: The yields stated above are annualised yields. For reference, the semi-annualised yields corresponding to the average price accepted, lowest price accepted, and average tender price are 2.077 per cent, 2.100 per cent, and 2.236 per cent respectively.
Ends/Tuesday, May 13, 2025
Issued at HKT 17:26
Issued at HKT 17:26
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