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Hong Kong Monetary Authority Releases Tender Results for RMB Sovereign Bonds on April 23, 2025.

HK

Hong Kong Monetary Authority Releases Tender Results for RMB Sovereign Bonds on April 23, 2025.
HK

HK

Hong Kong Monetary Authority Releases Tender Results for RMB Sovereign Bonds on April 23, 2025.

2025-04-23 12:45 Last Updated At:12:58

Result of tenders of RMB Sovereign Bonds held on April 23, 2025

The following is issued on behalf of the Hong Kong Monetary Authority:

Result of the tenders of RMB Sovereign Bonds held on April 23, 2025

Tender Result

*********************************************************************

Tender Date

:

April 23, 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

:

April 25, 2025

Maturity Date

:

February 21, 2027 (or the closest coupon payment date)

Coupon Rate

:

1.75 per cent

Application Amount

:

RMB 10,177 million

Issue Amount

:

RMB 4,000 million

Average Accepted Price

:

100.29

Lowest Accepted Price

:

100.20

Highest Accepted Price

:

100.45

Allocation Ratio

(At Lowest Accepted Price)

:

Approximately 41.07 per cent

Tender Result

*********************************************************************

Tender Date

:

April 23, 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

:

April 25, 2025

Maturity Date

:

February 21, 2028 (or the closest coupon payment date)

Coupon Rate

:

1.80 per cent

Application Amount

:

RMB 11,583 million

Issue Amount

:

RMB 4,000 million

Average Accepted Price

:

100.55

Lowest Accepted Price

:

100.41

Highest Accepted Price

:

100.96

Allocation Ratio

(At Lowest Accepted Price)

:

Approximately 94.74 per cent

Tender Result

*********************************************************************

Tender Date

:

April 23, 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

:

April 25, 2025

Maturity Date

:

February 21, 2030 (or the closest coupon payment date)

Coupon Rate

:

1.88 per cent

Application Amount

:

RMB 10,672 million

Issue Amount

:

RMB 3,000 million

Average Accepted Price

:

101.09

Lowest Accepted Price

:

100.85

Highest Accepted Price

:

101.30

Allocation Ratio

(At Lowest Accepted Price)

:

Approximately 71.56 per cent

Tender Result

*********************************************************************

Tender Date

:

April 23, 2025

Bonds available for Tender

:

15-year RMB Bonds

Issuer

:

The Ministry of Finance of the People's Republic of China

Issue Number

:

BCMKFB25028

Issue and Settlement Date

:

April 25, 2025

Maturity Date

:

April 25, 2040 (or the closest coupon payment date)

Application Amount

:

RMB 5,950 million

Issue Amount

:

RMB 1,500 million

Average accepted Coupon Rate

:

2.05 per cent

Highest accepted Coupon Rate

(Bonds’ Coupon)

:

2.10 per cent

Lowest accepted Coupon Rate

:

1.90 per cent

Allocation Ratio

(At Highest accepted Coupon Rate)

:

Approximately 2.97 per cent

HKSAR Government welcomes court's decision to dismiss Chow Hang Tung's application for judicial review on clothing policy for persons in custody

The Hong Kong Special Administrative Region Government welcomes the judgment handed down by the Court of First Instance of the High Court today (January 13) to dismiss Chow Hang Tung's application for judicial review on the clothing policy for persons in custody (PICs).

The court judgment pointed out that the current clothing policy for PICs, including the requirement for female PICs to wear trousers in summer daytime, was formulated by the Correctional Services Department (CSD) as authorised by the Prison Rules. The Court was satisfied that the CSD had the expertise and experience in the relevant context, and that it had carefully considered various factors, taken into account of professional opinion when making the decision, as well as reviewed the policy continuously. The Court ruled that Chow Hang Tung had failed to demonstrate that the current policy constituted less favourable treatment of a particular gender. The Court pointed out that there was currently no factual evidence to support any assertion that there was widespread concern about the health effects of wearing trousers in summer. In addition, the rule was not absolute, but instead allowed individual PICs to apply for exceptional arrangements in special circumstances. At the same time, the Court also rejected Chow Hang Tung's assertion that she had requested to the CSD in July and August 2024 to wear shorts and had been refused.

A spokesman for the Security Bureau said, "The ruling of the Court of First Instance confirmed that the CSD's approach is reasonable, justified and lawful. According to Rule 26 of the Prison Rules, the CSD must provide every PIC with a uniform that meets a scale imposed by the Commissioner of Correctional Services. Over the years, the CSD had appointed task groups from time to time to review the clothing arrangements of PICs. These reviews gave ample consideration to numerous factors, including the type of correctional institutions, PICs' varying daily routines and activities involved, the need for thermal, physical and psychological comfort for PICs of different genders, privacy and decency of PICs and the security, good order and discipline of the prison, so as to continuously refine clothing arrangements according to the prevailing circumstances."

The spokesman stated, "Chow Hang Tung's assertion that she requested to wear shorts in summer and was rejected by the CSD is entirely inconsistent with the facts and was rejected by the Court. Besides, the current clothing policy for PICs already provides a degree of flexibility. For example, a PIC may make an application to wear other clothing on medical or non-medical grounds to the CSD, and the CSD would make appropriate arrangements having considered the actual circumstances and relevant factors."

The CSD will continue to impartially implement the relevant rules of the Prison Rules in accordance with the law and commit to providing a secure, safe, humane, decent and healthy custodial environment.

Source: AI-found images

Source: AI-found images

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