GCC Consulting

Result of the tenders of the People’s Bank of China RMB Bills held on 14 February 2025

On February 14, 2025, the People’s Bank of China conducted tenders for Three-Month and One-Year RMB Bills. For the Three-Month RMB Bills (Issue Number BCHKFP25003), the application amount was RMB 135,611 million, with an issue amount of RMB 40,000 million. The average accepted coupon rate was 2.41%, with the highest and lowest accepted rates at 2.60% and 2.00%, respectively. The allocation ratio at the highest accepted coupon rate was approximately 13.97%. For the One-Year RMB Bills (Issue Number BCHKFP25004), the application amount reached RMB 65,608 million, with an issue amount of RMB 20,000 million. The average accepted coupon rate was 2.12%, with the highest and lowest accepted rates at 2.32% and 1.90%. The allocation ratio at the highest accepted coupon rate was approximately 65.00%. Resources: https://www.hkma.gov.hk/eng/news-and-media/press-releases/2025/02/20250214-3/

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