Tender results of the re-opening of 10-year Government Bonds under the Institutional Bond Issuance Programme

Press Releases

14 Jan 2015

Tender results of the re-opening of 10-year Government Bonds under the Institutional Bond Issuance Programme

The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces that a tender of 10-year Government Bonds through the re-opening of existing 10-year Government Bond issue 10GB2408 under the Institutional Bond Issuance Programme was held today (Wednesday).  

A total of HK$2.0 billion 10-year Government Bonds were offered today.  A total of HK$3.965 billion tender applications were received.  The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 1.98.  The average price accepted is 103.57, implying an annualised yield of 1.820%.  

 

Hong Kong Monetary Authority
14 January 2015 

 

 

HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS  
_________________________________________________________________

Tender results of re-opening of 10-year Government Bonds under the Institutional Bond Issuance Programme:- 

Tender Date 

:

14 January 2015

Issue Number 

:

10GB2408 (Re-open)

Stock Code 

:

4221 (HKGB 2.22 2408)

Issue and Settlement Date 

:

15 January 2015

Tenor 

:

10-year

Maturity Date 

:

7 August 2024

Coupon Rate 

:

2.22%

 

 

 

Amount Applied 

:

HK$3.965 billion

Amount Allotted 

:

HK$2.0 billion

Bid-to-Cover Ratio* 

:

1.98 

Average Price Accepted (Yield) 

:

103.57 (1.820%)

Lowest Price Accepted (Yield) 

:

103.26 (1.855%)

Pro-rata Ratio

:

About 25% 

Average Tender Price (Yield) 

:

103.16 (1.867%)

 

* Calculated as the amount of bonds applied for over the amount of bonds issued. 

 

Hong Kong Monetary Authority
14 January 2015

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Last revision date : 14 January 2015