| Tender Result |
| ********************************************************************* |
| Tender Date |
: |
27 August 2025 |
| Bonds available for Tender |
: |
2-year RMB Bonds |
| Issuer |
: |
The Ministry of Finance of the People’s Republic of China |
| Issue Number |
: |
BCMKFB25004 (Further Issuance) |
| Issue and Settlement Date |
: |
29 August 2025 |
| Maturity Date |
: |
21 February 2027 (or the closest coupon payment date) |
| Coupon Rate |
: |
1.75 % |
| Application Amount |
: |
RMB 10,439 million |
| Issue Amount |
: |
RMB 3,000 million |
| Average Accepted Price |
: |
100.40 |
| Lowest Accepted Price |
: |
100.35 |
| Highest Accepted Price |
: |
100.52 |
| Allocation Ratio (At Lowest Accepted Price) |
: |
Approximately 44.44 % |
| Tender Result |
| ********************************************************************* |
| Tender Date |
: |
27 August 2025 |
| Bonds available for Tender |
: |
3-year RMB Bonds |
| Issuer |
: |
The Ministry of Finance of the People’s Republic of China |
| Issue Number |
: |
BCMKFB25005 (Further Issuance) |
| Issue and Settlement Date |
: |
29 August 2025 |
| Maturity Date |
: |
21 February 2028 (or the closest coupon payment date) |
| Coupon Rate |
: |
1.80 % |
| Application Amount |
: |
RMB 12,538 million |
| Issue Amount |
: |
RMB 4,000 million |
| Average Accepted Price |
: |
100.76 |
| Lowest Accepted Price |
: |
100.63 |
| Highest Accepted Price |
: |
100.98 |
| Allocation Ratio (At Lowest Accepted Price) |
: |
Approximately 53.33 % |
| Tender Result |
| ********************************************************************* |
| Tender Date |
: |
27 August 2025 |
| Bonds available for Tender |
: |
5-year RMB Bonds |
| Issuer |
: |
The Ministry of Finance of the People’s Republic of China |
| Issue Number |
: |
BCMKFB25006 (Further Issuance) |
| Issue and Settlement Date |
: |
29 August 2025 |
| Maturity Date |
: |
21 February 2030 (or the closest coupon payment date) |
| Coupon Rate |
: |
1.88 % |
| Application Amount |
: |
RMB 13,317 million |
| Issue Amount |
: |
RMB 4,000 million |
| Average Accepted Price |
: |
101.05 |
| Lowest Accepted Price |
: |
100.80 |
| Highest Accepted Price |
: |
101.65 |
| Allocation Ratio (At Lowest Accepted Price) |
: |
Approximately 2.50 % |
| Tender Result |
| ********************************************************************* |
| Tender Date |
: |
27 August 2025 |
| Bonds available for Tender |
: |
15-year RMB Bonds |
| Issuer |
: |
The Ministry of Finance of the People’s Republic of China |
| Issue Number |
: |
BCMKFB25028 (Further Issuance) |
| Issue and Settlement Date |
: |
29 August 2025 |
| Maturity Date |
: |
25 April 2040 (or the closest coupon payment date) |
| Coupon Rate |
: |
2.10 % |
| Application Amount |
: |
RMB 5,585 million |
| Issue Amount |
: |
RMB 1,500 million |
| Average Accepted Price |
: |
100.68 |
| Lowest Accepted Price |
: |
100.12 |
| Highest Accepted Price |
: |
101.91 |
| Allocation Ratio (At Lowest Accepted Price) |
: |
Approximately 7.55 % |
Source: Hong Kong Monetary Authority
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