Tender results of 1-year RMB HKSAR Institutional Government Bonds
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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 1-year RMB institutional Government Bonds (issue number 01GB2604001) under the Infrastructure Bond Programme was held today (April 24).
A total of RMB1.5 billion 1-year Government Bonds were offered today. A total of RMB11.140 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 7.43. The average price accepted is 100.05, implying an annualised yield of 1.686 per cent.
HKSAR Institutional Government Bonds Tender Results
Tender results of 1-year RMB HKSAR Institutional Government Bonds:
| Tender Date | : | April 24, 2025 |
| Issue Number | : | 01GB2604001 |
| Stock Code | : | 85022 (HKGB1.73 2604-R) |
| Issue and Settlement Date | : | April 28, 2025 |
| Tenor | : | 1 year |
| Maturity Date | : | April 28, 2026 |
| Coupon Rate | : | 1.73 per cent |
| Amount Applied | : | RMB11.140 billion |
| Amount Allotted | : | RMB1.5 billion |
| Bid-to-Cover Ratio* | : | 7.43 |
| Average Price Accepted (Yield) | : | 100.05 (1.686 per cent (Note)) |
| Lowest Price Accepted (Yield) | : | 100.02 (1.717 per cent (Note)) |
| Pro-rata Ratio | : | About 45 per cent |
| Average Tender Price (Yield) | : | 99.94 (1.804 per cent (Note)) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
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 1.679 per cent, 1.710 per cent, and 1.796 per cent respectively.