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

Press Releases

06 Jul 2016

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 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

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Last revision date : 06 July 2016