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

Press Releases

22 Nov 2017

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 5-year Government Bonds through the re-opening of existing 5-year Government Bond issue 05GB2205 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$6.765 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.71. The average price accepted is 98.53, implying an annualised yield of 1.505%.

Hong Kong Monetary Authority
22 November 2017

HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS

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

Tender Date	:	22 November 2017
Issue Number	:	05GB2205 (Re-open)
Stock Code	:	4234 (HKGB 1.16 2205)
Issue and Settlement Date	:	23 November 2017
Tenor	:	5-year
Maturity Date	:	18 May 2022
Coupon Rate	:	1.16%

Amount Applied	:	HK$6.765 billion
Amount Allotted	:	HK$2.5 billion
Bid-to-Cover Ratio*	:	2.71
Average Price Accepted (Yield)	:	98.53 (1.505%)
Lowest Price Accepted (Yield)	:	98.32 (1.555%)
Pro-rata Ratio	:	About 80%
Average Tender Price (Yield)	:	98.03 (1.624%)

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

Hong Kong Monetary Authority
22 November 2017

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