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