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

Press Releases

18 Apr 2018

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 3-year Government Bonds through the re-opening of existing 10-Year Government Bond issue 10GB2108 under the Institutional Bond Issuance Programme was held today (Wednesday).

A total of HK$4.0 billion 3-year Government Bonds were offered today. A total of HK$7.100 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 1.78. The average price accepted is 101.15, implying an annualised yield of 2.108%.

Hong Kong Monetary Authority
18 April 2018

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	:	18 April 2018
Issue Number	:	10GB2108 (Re-open)
Stock Code	:	4209 (HKGB 2.46 2108)
Issue and Settlement Date	:	19 April 2018
Tenor	:	3-year
Maturity Date	:	4 August 2021
Coupon Rate	:	2.46%

Amount Applied	:	HK$7.100 billion
Amount Allotted	:	HK$4.0 billion
Bid-to-Cover Ratio*	:	1.78
Average Price Accepted (Yield)	:	101.15 (2.108 %)
Lowest Price Accepted (Yield)	:	100.50 (2.314 %)
Pro-rata Ratio	:	About 71 %
Average Tender Price (Yield)	:	100.67 (2.260 %)

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

Hong Kong Monetary Authority
18 April 2018

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