Tender results of the re-opening of 5-year Government Bonds under the Institutional Bond Issuance Programme

Press Releases

05 Oct 2016

Tender results of the re-opening of 5-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 3-year Government Bonds through the re-opening of existing 5-year Government Bond issue 05GB2002 under the Institutional Bond Issuance Programme was held today (Wednesday).  

A total of HK$4.0 billion 3-year Government Bonds were offered today.  A total of HK$10.315 billion tender applications were received.  The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.58.  The average price accepted is 101.41, implying an annualised yield of 0.634%. 

 

Hong Kong Monetary Authority
5 October 2016


HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS 

Tender results of re-opening of 5-year Government Bonds under the Institutional Bond Issuance Programme:-

Tender Date

:

5 October 2016

Issue Number

:

05GB2002 (Re-open)

Stock Code

:

4225 (HKGB 1.06 2002)

Issue and Settlement Date

:

6 October 2016

Tenor

:

3-year

Maturity Date

:

5 February 2020

Coupon Rate

:

1.06%

 

 

 

Amount Applied

:

HK$10.315 billion

Amount Allotted

:

HK$4.0 billion

Bid-to-Cover Ratio*

:

2.58 

Average Price Accepted (Yield)

:

101.41 (0.634%)

Lowest Price Accepted (Yield)

:

101.01 (0.754%)

Pro-rata Ratio

:

About 91%

Average Tender Price (Yield)

:

100.89 (0.791%)

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

 

Hong Kong Monetary Authority
5 October 2016

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Last revision date : 05 October 2016