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

Press Releases

02 Nov 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 5-year Government Bonds through the re-opening of existing 10-Year Government Bond issue 10GB2108 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$7.678 billion tender applications were received.  The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.07.  The average price accepted is 107.45, implying an annualised yield of 0.858%. 

 

Hong Kong Monetary Authority
2 November 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

:

2 November 2016

Issue Number

:

10GB2108 (Re-open)

Stock Code

:

4209 (HKGB 2.46 2108)

Issue and Settlement Date

:

3 November 2016

Tenor

:

5-year

Maturity Date

:

4 August 2021

Coupon Rate

:

2.46%

 

 

 

Amount Applied

:

HK$7.678 billion

Amount Allotted

:

HK$2.5 billion

Bid-to-Cover Ratio*

:

3.07

Average Price Accepted (Yield)

:

107.45 (0.858 %)

Lowest Price Accepted (Yield)

:

107.31 (0.887 %)

Pro-rata Ratio

:

About 43 %

Average Tender Price (Yield)

:

107.06 (0.939 %)

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

 

Hong Kong Monetary Authority
2 November 2016

 

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Last revision date : 02 November 2016