| Tender Result |
| ******************************************************************* |
| Tender Date |
: |
04 June 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 |
: |
06 June 2025 |
| Maturity Date |
: |
21 February 2027 (or the closest coupon payment date) |
| Coupon Rate |
: |
1.75 % |
| Application Amount |
: |
RMB 10,940 million |
| Issue Amount |
: |
RMB 3,500 million |
| Average Accepted Price |
: |
100.48 |
| Lowest Accepted Price |
: |
100.43 |
| Highest Accepted Price |
: |
100.68 |
| Allocation Ratio (At Lowest Accepted Price) |
: |
Approximately 33.82 % |
| Tender Result |
| ******************************************************************* |
| Tender Date |
: |
04 June 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 |
: |
06 June 2025 |
| Maturity Date |
: |
21 February 2028 (or the closest coupon payment date) |
| Coupon Rate |
: |
1.80 % |
| Application Amount |
: |
RMB 12,428 million |
| Issue Amount |
: |
RMB 3,000 million |
| Average Accepted Price |
: |
100.85 |
| Lowest Accepted Price |
: |
100.75 |
| Highest Accepted Price |
: |
101.20 |
| Allocation Ratio (At Lowest Accepted Price) |
: |
Approximately 50.38 % |
| Tender Result |
| ******************************************************************* |
| Tender Date |
: |
04 June 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 |
: |
06 June 2025 |
| Maturity Date |
: |
21 February 2030 (or the closest coupon payment date) |
| Coupon Rate |
: |
1.88 % |
| Application Amount |
: |
RMB 10,957 million |
| Issue Amount |
: |
RMB 3,000 million |
| Average Accepted Price |
: |
101.56 |
| Lowest Accepted Price |
: |
101.27 |
| Highest Accepted Price |
: |
102.19 |
| Allocation Ratio (At Lowest Accepted Price) |
: |
Approximately 7.27 % |
| Tender Result |
| ******************************************************************* |
| Tender Date |
: |
04 June 2025 |
| Bonds available for Tender |
: |
10-year RMB Bonds |
| Issuer |
: |
The Ministry of Finance of the People’s Republic of China |
| Issue Number |
: |
BCMKFB25007 (Further Issuance) |
| Issue and Settlement Date |
: |
06 June 2025 |
| Maturity Date |
: |
21 February 2035 (or the closest coupon payment date) |
| Coupon Rate |
: |
2.08 % |
| Application Amount |
: |
RMB 15,210 million |
| Issue Amount |
: |
RMB 3,000 million |
| Average Accepted Price |
: |
103.32 |
| Lowest Accepted Price |
: |
102.94 |
| Highest Accepted Price |
: |
106.16 |
| Allocation Ratio (At Lowest Accepted Price) |
: |
Approximately 57.28 % |
Source: Hong Kong Monetary Authority
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