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 5-year Government Bond issue 05GB2205 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$6.765 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.71. The average price accepted is 98.53, implying an annualised yield of 1.505%.
Hong Kong Monetary Authority
22 November 2017
HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS
Tender results of the re-opening of 5-year Government Bonds under the Institutional Bond Issuance Programme:-
Tender Date |
: |
22 November 2017 |
Issue Number |
: |
05GB2205 (Re-open) |
Stock Code |
: |
4234 (HKGB 1.16 2205) |
Issue and Settlement Date |
: |
23 November 2017 |
Tenor |
: |
5-year |
Maturity Date |
: |
18 May 2022 |
Coupon Rate |
: |
1.16% |
|
|
|
Amount Applied |
: |
HK$6.765 billion |
Amount Allotted |
: |
HK$2.5 billion |
Bid-to-Cover Ratio* |
: |
2.71 |
Average Price Accepted (Yield) |
: |
98.53 (1.505%) |
Lowest Price Accepted (Yield) |
: |
98.32 (1.555%) |
Pro-rata Ratio |
: |
About 80% |
Average Tender Price (Yield) |
: |
98.03 (1.624%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
22 November 2017