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HKMA issues RMB1b 3-year bonds at 2.13%

The bonds received RMB7.212b tender applications.

The Hong Kong Monetary Authority (HKMA) has issued 3-year RMB institutional Government Bonds worth RMB1b.

The bonds, set to settle on 28 October, will mature on 28 October 2027 with a coupon rate of 2.13%.

The central bank issued the bonds under the Infrastructure Bond Programme.

HKMA received RMB7.212b tender applications.

The lowest accepted price was 100.29, with a yield of 2.040%, whilst the average tender price settled at 99.99, equating to a yield of 2.146%.
 

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