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

Press Releases

06 Apr 2017

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 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

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Last revision date : 06 April 2017