The Hong Kong Monetary Authority (HKMA), acting on behalf of the Hong Kong Special Administrative Region Government, reported that a reopening of 10-year renminbi institutional government bonds under the Infrastructure Bond Programme attracted RMB 5.335 billion in tender applications. The RMB 1.5 billion offering recorded a bid-to-cover ratio of 3.56. The average accepted price was 104.25, implying an annualised yield of 1.757%.
HKMA reports 3.56 bid-to-cover ratio for RMB 1.5 billion reopening of 10-year government bonds
A Hong Kong Monetary Authority tender reopening 10-year government bonds drew RMB 5.335 billion in applications for RMB 1.5 billion offered, producing a bid-to-cover ratio of 3.56. The average accepted price implied an annualised yield of 1.757%.