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Hong Kong’s 20-Year Government Bonds Reopening Sees High Demand
Hong Kong’s 20-Year Government Bonds Reopening Sees High Demand
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BTCCSquare news:
Hong Kong's debt market demonstrated resilience as the Monetary Authority reported overwhelming demand for its 20-year bond reopening. The HK$0.5 billion offering attracted bids worth HK$2.48 billion, achieving a striking 4.96x coverage ratio—a clear signal of institutional confidence in long-term HKD-denominated assets.
The Infrastructure Bond Programme's Series 20GB4503001 settled at an average price of 103.02, translating to a 3.806% yield. With a 3.99% coupon and March 2045 maturity, these instruments offer stability amid global market volatility. Notably, the 46% allotment ratio suggests sophisticated investors dominated the bidding process.
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