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

Press Releases

15 May 2019

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 5-year Government Bonds through the re-opening of existing 10-year Government Bond issue 10GB2408 under the Institutional Bond Issuance Programme was held today (Wednesday).

A total of HK$2.5 billion 5-year Government Bonds were offered today. A total of HK$9.364 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.75. The average price accepted is 101.95, implying an annualised yield of 1.835%.

Hong Kong Monetary Authority
15 May 2019

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

:

15 May 2019

Issue Number

:

10GB2408 (Re-open)

Stock Code

:

4221 (HKGB 2.22 2408)

Issue and Settlement Date

:

16 May 2019

Tenor

:

5-year

Maturity Date

:

7 August 2024

Coupon Rate

:

2.22%

Amount Applied

:

HK$9.364 billion

Amount Allotted

:

HK$2.5 billion

Bid-to-Cover Ratio*

:

3.75

Average Price Accepted (Yield)

:

101.95 (1.835%)

Lowest Price Accepted (Yield)

:

101.72 (1.882%)

Pro-rata Ratio

:

About 90%

Average Tender Price (Yield)

:

101.30 (1.966%)

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

 

Hong Kong Monetary Authority
15 May 2019

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Last revision date : 15 May 2019