Tender results of the 1-year HONIA-indexed Floating Rate Notes under the Institutional Bond Issuance Programme

The Hong Kong Monetary Authority, on behalf of the Hong Kong Special Administrative Region Government (HKSAR Government), has announced the successful tender of 1-year HONIA-indexed Floating Rate Notes (issue number 01GH2505) under the Institutional Bond Issuance Programme, which took place today (14 May). A total of HK$1.5 billion worth of 1-year HONIA-indexed Floating Rate Notes were allocated during this tender. The total tender applications received amounted to HK$4.750 billion. The bid-to-cover ratio, which represents the ratio of notes applied for to notes issued, stands at 3.17. The highest accepted spread is 0.26%. Resources: https://www.hkma.gov.hk/eng/news-and-media/press-releases/2024/05/20240514-5/