Result of tenders of RMB Sovereign Bonds held on December 10, 2025

Source: Hong Kong Government special administrative region – 4

The following is issued on behalf of the Hong Kong Monetary Authority:
 
Result of the tenders of RMB Sovereign Bonds held on December 10, 2025: 
 

Tender Result
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Tender Date : December 10, 2025
Bonds available for Tender : 2-year RMB Bonds
Issuer : The Ministry of Finance of the People’s Republic of China
Issue Number : BCMKFB25004 (Further Issuance)
Issue and Settlement Date : December 12, 2025
Maturity Date : February 21, 2027 (or the closest coupon payment date)
Coupon Rate : 1.75 per cent
Application Amount : RMB 11,571 million
Issue Amount : RMB 2,000 million
Average Accepted Price : 100.39
Lowest Accepted Price : 100.38
Highest Accepted Price : 100.47
Allocation Ratio (At Lowest Accepted Price) : Approximately 82.50 per cent

 

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Tender Date : December 10, 2025
Bonds available for Tender : 3-year RMB Bonds
Issuer : The Ministry of Finance of the People’s Republic of China
Issue Number : BCMKFB25005 (Further Issuance)
Issue and Settlement Date : December 12, 2025
Maturity Date : February 21, 2028 (or the closest coupon payment date)
Coupon Rate : 1.80 per cent
Application Amount : RMB 11,640 million
Issue Amount : RMB 3,000 million
Average Accepted Price : 100.79
Lowest Accepted Price : 100.75
Highest Accepted Price : 100.96
Allocation Ratio (At Lowest Accepted Price) : Approximately 42.78 per cent

 

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Tender Date : December 10, 2025
Bonds available for Tender : 5-year RMB Bonds
Issuer : The Ministry of Finance of the People’s Republic of China
Issue Number : BCMKFB25006 (Further Issuance)
Issue and Settlement Date : December 12, 2025
Maturity Date : February 21, 2030 (or the closest coupon payment date)
Coupon Rate : 1.88 per cent
Application Amount : RMB 13,306 million
Issue Amount : RMB 2,000 million
Average Accepted Price : 101.03
Lowest Accepted Price : 100.92
Highest Accepted Price : 101.53
Allocation Ratio (At Lowest Accepted Price) : Approximately 33.33 per cent