Government Bonds - Tender results

Tender results of the re-opening of 5-year HKD HKSAR Institutional Government Bonds

05 Mar 2025
The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced that a tender of 5-year HKD institutional Government Bonds through the re-opening of existing Government Bond (issue number 05GB2912001) under the Infrastructure Bond Programme was held today (5 March).
A total of HK$1.5 billion 5-year Government Bonds were offered today. A total of HK$9.375 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 6.25. The average price accepted is 99.80, implying an annualised yield of 3.301%.
 
Hong Kong Monetary Authority
5 March 2025

 
HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS
Tender results of 5-year HKD HKSAR Institutional Government Bonds:-
Tender Date : 5 March 2025
Issue Number : 05GB2912001 (Re-open)
Stock Code : 4284 (HKGB 3.23 2912)
Issue and Settlement Date : 6 March 2025
Tenor : 5 years
Maturity Date : 5 December 2029
Coupon Rate : 3.23%
Amount Applied : HK$9.375 billion
Amount Allotted : HK$1.5 billion
Bid-to-Cover Ratio* : 6.25
Average Price Accepted (Yield) : 99.80 (3.301%)
Lowest Price Accepted (Yield) : 99.55 (3.360%)
Pro-rata Ratio : About 51%
Average Tender Price (Yield) : 99.33 (3.412%)
Calculated as the amount of bonds applied for over the amount of bonds issued.
 
Hong Kong Monetary Authority
5 March 2025


 

Source: Hong Kong Monetary Authority

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Last revision date : 05 Mar 2025