19659001 Tender outcomes of 2-year RMB HKSAR Institutional Government Bonds 19659002 ***************************************************************** The following is provided on behalf of the Hong Kong Monetary Authority: 19459005 The Hong Kong Monetary Authority (HKMA), as agent of the Hong Kong Special Administrative Region Government (HKSAR Government), revealed that a tender for 2-year RMB Institutional Government Bonds (concern number 02GB2708001) under the Infrastructure Bond Programme was held today (August 14). 19659004 An overall of RMB1.5 billion 2-year Government Bonds were provided today. An overall of RMB4.906 billion tender applications were gotten. The bid-to-cover ratio, i.e. the ratio of bonds looked for to bonds released, is 3.27. The typical rate accepted is 99.95, indicating an annualised yield of 1.574 percent. 19659005 HKSAR Institutional Government Bonds Tender Results 19459011 Tender outcomes of 2-year RMB HKSAR Institutional Government Bonds: 19659006 Tender Date : August 14, 2025 Concern Number 19659011: 02GB2708001 19659013 Stock Code 19659014: 85051 (HKGB1.54 2708-R) Concern and Settlement Date 19659017: August 18, 2025 19659019 Tenor 19659020: 19659021 2 years 19659022 Maturity Date 19659023: 19659024 August 18, 2027 19659025 Voucher Rate : 1.54 percent 19659028 Quantity Applied : 19659030 RMB4.906 billion Quantity Allotted 19659032: 19659033 RMB1.5 billion 19659034 Bid-to-Cover Ratio * 19659035: 19659036 3.27 Typical Price Accepted (Yield) : 99.95 (1.574 percent (Note)) Least Expensive Price Accepted (Yield) : 99.88 (1.608 percent (Note)) Pro-rata Ratio : About 11 percent 19659046 Typical Tender Price (Yield) 19659047: 99.83 (1.635 percent (Note)) * Calculated as the quantity of bonds obtained over the quantity of bonds provided. Keep in mind: The yields mentioned above are annualised yields. For recommendation, the semi-annualised yields representing the typical cost accepted, least expensive cost accepted, and typical tender rate are 1.568 percent, 1.601 percent, and 1.628 percent respectively. 19659050