According to an announcement by the HKMA on November 11, the 1-year HONIA index-linked floating rate notes (01GH2711001) under the Infrastructure Bond Programme issued HK$1.5 billion, receiving bids totaling HK$5.155 billion with a bid-to-cover ratio of 3.44 and a highest accepted spread of 0.38%. This spread serves as the pricing benchmark for the floating rate notes, rather than the notes' fixed annualized yield.