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 05GB2011 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$8.810 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.20. The average price accepted is 98.97, implying an annualised yield of 1.262%.
Hong Kong Monetary Authority
18 October 2017
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 |
: |
18 October 2017 |
Issue Number |
: |
05GB2011(Re-open) |
Stock Code |
: |
4229 (HKGB 0.91 2011) |
Issue and Settlement Date |
: |
19 October 2017 |
Tenor |
: |
3-year |
Maturity Date |
: |
5 November 2020 |
Coupon Rate |
: |
0.91% |
|
|
|
Amount Applied |
: |
HK$8.810 billion |
Amount Allotted |
: |
HK$4.0 billion |
Bid-to-Cover Ratio* |
: |
2.20 |
Average Price Accepted (Yield) |
: |
98.97 (1.262%) |
Lowest Price Accepted (Yield) |
: |
98.80 (1.318%) |
Pro-rata Ratio |
: |
About 67% |
Average Tender Price (Yield) |
: |
97.51 (1.763%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
18 October 2017