RMB Bills Tender Result
Summary
The Hong Kong Monetary Authority (HKMA) announced the results of the People's Bank of China RMB Bills tender held on March 25, 2026. RMB 60 billion in six-month RMB Bills were issued at an average coupon rate of 1.40%.
What changed
The Hong Kong Monetary Authority (HKMA) has published the results of the People's Bank of China RMB Bills tender that took place on March 25, 2026. The tender involved the issuance of six-month RMB Bills, with an issue amount of RMB 60,000 million (approximately USD 7.7 billion) and an average accepted coupon rate of 1.40%. The application amount reached RMB 141,630 million, indicating strong demand.
This notice serves as an informational update for market participants regarding the successful issuance of RMB Bills. While there are no direct compliance actions required for regulated entities based on this announcement, it provides key data points on the offshore RMB market and the People's Bank of China's debt issuance activities. Investors and financial institutions should note the issued amounts and coupon rates for market analysis and potential investment decisions.
Source document (simplified)
Result of the tender of the People's Bank of China RMB Bills held on 25 March 2026
Press Releases
25 Mar 2026
Result of the tender of the People's Bank of China RMB Bills held on 25 March 2026
| Tender Result | | |
| ***************************************************************************** | | |
| Tender Date | : | 25 March 2026 |
| Bills available for Tender | : | Six-Month RMB Bills |
| Issuer | : | The People’s Bank of China |
| Issue Number | : | BCHKFP26008 |
| Issue Date | : | 27 March 2026 |
| Maturity Date | : | 25 September 2026 (or the closest coupon payment date) |
| Application Amount | : | RMB 141,630 million |
| Issue Amount | : | RMB 60,000 million |
| Average accepted Coupon Rate | : | 1.40 % |
| Highest accepted Coupon Rate
(Bills’ Coupon) | : | 1.48 % |
| Lowest accepted Coupon Rate | : | 1.25 % |
| Allocation Ratio (At Highest accepted Coupon Rate) | : | Approximately 6.98 % |
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