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

Press Releases

28 Jun 2017

Tender results of the 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 today (Wednesday) that tender for a 10-year Government Bond (issue number 10GB2706) under the Institutional Bond Issuance Programme was held today.

A total of HK$1.2 billion 10-year Government Bonds were allocated today. A total of HK$4.311 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.59. The average price accepted is 98.78, implying an annualised yield of 1.386%.


Hong Kong Monetary Authority
28 June 2017

 

 

HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS 
 _________________________________________________________________

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

Tender Date

:

28 June 2017

Issue Number

:

10GB2706

Stock Code

:

4235 (HKGB 1.25 2706)

Issue and Settlement Date

:

29 June 2017

Tenor

:

10-year

Maturity Date

:

29 June 2027

Coupon Rate

:

1.25%

Amount Applied

:

HK$4.311 billion

Amount Allotted

:

HK$1.2 billion

Bid-to-Cover Ratio*

:

3.59

Average Price Accepted (Yield)

:

98.78 (1.386%)

Lowest Price Accepted (Yield) 

:

98.50 (1.416%)

Pro-rata Ratio

:

About 40%

Average Tender Price (Yield) 

:

97.36 (1.542%)

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

 

Hong Kong Monetary Authority
28 June 2017

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Last revision date : 28 June 2017