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Tender results of 2-year RMB HKSAR Institutional Government Bonds

Press Releases

13 May 2025

Tender results of 2-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 2-year RMB institutional Government Bonds (issue number 02GB2705001) under the Infrastructure Bond Programme was held today (13 May).

A total of RMB1.5 billion 2-year Government Bonds were offered today. A total of RMB11.905 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 7.94. The average price accepted is 100.14, implying an annualised yield of 1.643%.

 

Hong Kong Monetary Authority
13 May 2025

 

HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS

Tender results of 2-year RMB HKSAR Institutional Government Bonds:-

Tender Date

:

13 May 2025

Issue Number

:

02GB2705001

Stock Code

:

85010 (HKGB1.71 2705-R)

Issue and Settlement Date

:

15 May 2025

Tenor

:

2 years

Maturity Date

:

17 May 2027

Coupon Rate

:

1.71%

Amount Applied

:

RMB11.905 billion

Amount Allotted

:

RMB1.5 billion

Bid-to-Cover Ratio*

:

7.94

Average Price Accepted (Yield)

:

100.14 (1.643%1)

Lowest Price Accepted (Yield)

:

100.11 (1.661%1)

Pro-rata Ratio

:

About 22%

Average Tender Price (Yield)

:

99.93 (1.755%1)

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

 

Hong Kong Monetary Authority
13 May 2025

 

 

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 1.637%, 1.654%, and 1.747% respectively.

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Last revision date : 13 May 2025
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