The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces that a tender of 10-year Government Bonds through the re-opening of existing 10-year Government Bond issue 10GB2601 under the Institutional Bond Issuance Programme was held today (Wednesday).
A total of HK$1.2 billion 10-year Government Bonds were offered today. A total of HK$4.779 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.98. The average price accepted is 106.12, implying an annualised yield of 1.008%.
Hong Kong Monetary Authority
6 July 2016
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 |
: |
6 July 2016 |
Issue Number |
: |
10GB2601 (Re-open) |
Stock Code |
: |
4230 (HKGB 1.68 2601) |
Issue and Settlement Date |
: |
7 July 2016 |
Tenor |
: |
10-year |
Maturity Date |
: |
21 January 2026 |
Coupon Rate |
: |
1.68% |
Amount Applied |
: |
HK$4.779 billion |
Amount Allotted |
: |
HK$1.2 billion |
Bid-to-Cover Ratio* |
: |
3.98 |
Average Price Accepted (Yield) |
: |
106.12 (1.008%) |
Lowest Price Accepted (Yield) |
: |
105.50 (1.075%) |
Pro-rata Ratio |
: |
About 3% |
Average Tender Price (Yield) |
: |
104.64 (1.169%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
6 July 2016