Tender results of 1-year HONIA-indexed Floating Rate Notes

The Hong Kong Monetary Authority (HKMA) announced a successful tender for HK$1.5 billion in 1-year HONIA-indexed Floating Rate Notes under the Infrastructure Bond Programme on November 20. The tender received HK$4.095 billion in applications, resulting in a bid-to-cover ratio of 2.73. The highest spread accepted was 0.22%

Resources: https://www.hkma.gov.hk/eng/news-and-media/press-releases/2024/11/20241120-4/