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 05GB2002 under the Institutional Bond Issuance Programme was held today (Thursday).
A total of HK$4.0 billion 3-year Government Bonds were offered today. A total of HK$10.965 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.74. The average price accepted is 99.94, implying an annualised yield of 1.084%.
Hong Kong Monetary Authority
6 April 2017
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 |
: |
6 April 2017 |
Issue Number |
: |
05GB2002(Re-open) |
Stock Code |
: |
4225 (HKGB 1.06 2002) |
Issue and Settlement Date |
: |
7 April 2017 |
Tenor |
: |
3-year |
Maturity Date |
: |
5 February 2020 |
Coupon Rate |
: |
1.06% |
|
|
|
Amount Applied |
: |
HK$10.965 billion |
Amount Allotted |
: |
HK$4.0 billion |
Bid-to-Cover Ratio* |
: |
2.74 |
Average Price Accepted (Yield) |
: |
99.94 (1.084%) |
Lowest Price Accepted (Yield) |
: |
99.86 (1.113%) |
Pro-rata Ratio |
: |
About 14% |
Average Tender Price (Yield) |
: |
99.72 (1.165%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
6 April 2017