Tender results of 3-year HKD HKSAR Institutional Government Bonds

The Hong Kong Monetary Authority (HKMA) announced the results of a tender for 3-year HKD institutional Government Bonds held on October 23, 2024, under the Infrastructure Bond Programme. A total of HK$5.5 billion in bonds was offered, receiving applications totaling HK$21.375 billion, resulting in a bid-to-cover ratio of 3.89. The average price accepted was 99.89, reflecting an annualized yield of 2.952%. The bonds, with a coupon rate of 2.89%, will be issued and settled on October 24, 2024, maturing on October 25, 2027.

Resources: https://www.hkma.gov.hk/eng/news-and-media/press-releases/2024/10/20241023-4/