Tender results of re-opening of 3-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 of 3-year RMB institutional Government Bonds through the re-opening of existing Government Bond (issue number 03GB2807001) under the Infrastructure Bond Programme was held today (August 21).
A total of RMB1.25 billion 3-year Government Bonds were offered today. A total of RMB1.793 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 1.43. The average price accepted is 99.78, implying an annualised yield of 1.673 per cent.
HKSAR Institutional Government Bonds Tender Results
Tender results of 3-year RMB HKSAR Institutional Government Bonds:
Tender Date | : | August 21, 2025 |
Issue Number | : | 03GB2807001 (Re-open) |
Stock Code | : | 85039 (HKGB1.59 2807-R) |
Issue and Settlement Date | : | August 25, 2025 |
Tenor | : | 3 years |
Maturity Date | : | July 28, 2028 |
Coupon Rate | : | 1.59 per cent |
Amount Applied | : | RMB1.793 billion |
Amount Allotted | : | RMB1.25 billion |
Bid-to-Cover Ratio* | : | 1.43 |
Average Price Accepted (Yield) | : | 99.78 (1.673 per cent (Note 1)) |
Lowest Price Accepted (Yield) | : | 99.43 (1.799 per cent (Note 1)) |
Pro-rata Ratio | : | About 56 per cent |
Average Tender Price (Yield) | : | 99.61 (1.735 per cent (Note 1)) |
Note 1: 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 1.666 per cent, 1.791 per cent, and 1.728 per cent respectively.
Ends/Thursday, August 21, 2025
Issued at HKT 16:45
Issued at HKT 16:45
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