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

Press Releases

18 Jan 2017

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$5.0 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 4.17. The average price accepted is 99.30, implying an annualised yield of 1.773%.

Hong Kong Monetary Authority
18 January 2017

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	:	18 January 2017
Issue Number	:	10GB2601 (Re-open)
Stock Code	:	4230 (HKGB 1.68 2601)
Issue and Settlement Date	:	19 January 2017
Tenor	:	10-year
Maturity Date	:	21 January 2026
Coupon Rate	:	1.68%

Amount Applied	:	HK$5.0 billion
Amount Allotted	:	HK$1.2 billion
Bid-to-Cover Ratio*	:	4.17
Average Price Accepted (Yield)	:	99.30 (1.773%)
Lowest Price Accepted (Yield)	:	99.15 (1.791%)
Pro-rata Ratio	:	About 20%
Average Tender Price (Yield)	:	98.67 (1.849%)

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

Hong Kong Monetary Authority
18 January 2017

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