Timothy Morano
March 05, 2025 01:38
Hong Kong Monetary Authority has announced the results of a call for tenders for HKD institutional government obligations at 20, revealing a 4.50 submission / coverage ratio and an annualized yield of 3.851%.
The Hong Kong Monetary Authority (HKMA), acting on behalf of the Hong Kong Special Administrative Government (HKSAR), revealed the results of a tender for the obligations of the 20 -year -old HKD institutional government. This offer, which is part of the infrastructure bond program, was carried out on March 5, 2025, according to HKMA.
Details and calls for tenders
The HKMA offered a total of $ 0.5 billion HK in 20 -year state bonds, with requests of $ 2.248 billion HK, indicating significant interest in investors. The auction / coverage ratio, which measures the number of obligations applied to the obligations issued, amounted to an impressive 4.50. The bonds were accepted at an average price of 102.44, translated by an annualized return of 3.851%.
Liaison specifications
The obligations issued, under the issue number 20 GB 4290 (HKGB 3.99,4503), are provided for the issue and regulations on March 6, 2025. The bonds will mature on March 6, 2045, bearing a coupon rate of 3.99%. The lowest price accepted for bonds was 101.62, equivalent to a yield of 3.910%, while the average call for tenders was 99.13, which resulted in a yield of 4.095%. The pro-rata report, which indicates the part of the bonds allocated to candidates, was around 39%.
Market context
This call for tenders occurs in a context of increased interest in investors in long -term state securities, because market players seek stability and predictable yields under uncertain economic conditions. The Robust Submission / Cover ratio highlights the confidence in the budgetary health of the HKSAR and its ability to manage long -term debt obligations.
The successful bond of the HKMA aligns its wider strategy to strengthen the financial infrastructure of Hong Kong and provide a stable platform to institutional investors. This decision is part of a continuous effort to improve the attraction of the region as a global financial center.
More details on the results of the call for tenders are accessible on the Hong Kong Monetary Authority website.
Image source: Shutterstock
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