Governance Regulation, Lastest Topics, Popular News, Regulatory Updates
Tender results of 10-year HKD HKSAR Institutional Government Bonds
16
Jan
Jan
The Hong Kong Monetary Authority (HKMA), on behalf of the HKSAR Government, conducted a tender on 15 January 2025 for 10-year HKD Institutional Government Bonds (Issue No. 10GB3501001) under the Infrastructure Bond Programme. A total of HK$2.0 billion in bonds were issued, with applications reaching HK$7.250 billion, resulting in a bid-to-cover ratio of 3.63. The bonds were accepted at an average price of 98.66, yielding 4.044% annually, with a coupon rate of 3.84%. The lowest accepted price was 98.29 (4.091% yield), and the pro-rata ratio was approximately 45%. Settlement is scheduled for 16 January 2025, and the bonds will mature on 16 January 2035.
Resources: https://www.hkma.gov.hk/eng/news-and-media/press-releases/2025/01/20250115-8/