Tender results of the re-opening of 5-year Government Bonds under the Institutional Bond Issuance Programme

Press Releases

07 Oct 2015

Tender results of the re-opening of 5-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 3-year Government Bonds through the re-opening of existing 5-year Government Bond issue 05GB1902 under the Institutional Bond Issuance Programme was held today (Wednesday). 

A total of HK$4.2 billion 3-year Government Bonds were offered today.  A total of HK$11.780 billion tender applications were received.  The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.80.  The average price accepted is 102.25, implying an annualised yield of 0.792%. 

 

Hong Kong Monetary Authority
7 October 2015

 

HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS  

Tender results of re-opening of 5-year Government Bonds under the Institutional Bond Issuance Programme:-

Tender Date 

:

7 October 2015

Issue Number 

:

05GB1902 (Re-open)

Stock Code 

:

4219 (HKGB 1.47 1902)

Issue and Settlement Date 

:

8 October 2015

Tenor 

:

3-year

Maturity Date 

:

20 February 2019

Coupon Rate 

:

1.47%

 

 

 

Amount Applied 

:

HK$11.780 billion

Amount Allotted 

:

HK$4.2 billion

Bid-to-Cover Ratio* 

:

2.80 

Average Price Accepted (Yield) 

:

102.25 (0.792%)

Lowest Price Accepted (Yield) 

:

102.06 (0.850%)

Pro-rata Ratio

:

About 23%

Average Tender Price (Yield) 

:

101.87 (0.906%)

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

 

Hong Kong Monetary Authority
7 October 2015

 

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Last revision date : 07 October 2015