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