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 10-Year Government Bond issue 10GB2108 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$7.100 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 1.78. The average price accepted is 101.15, implying an annualised yield of 2.108%.
Hong Kong Monetary Authority
18 April 2018
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 April 2018 |
Issue Number |
: |
10GB2108 (Re-open) |
Stock Code |
: |
4209 (HKGB 2.46 2108) |
Issue and Settlement Date |
: |
19 April 2018 |
Tenor |
: |
3-year |
Maturity Date |
: |
4 August 2021 |
Coupon Rate |
: |
2.46% |
|
|
|
Amount Applied |
: |
HK$7.100 billion |
Amount Allotted |
: |
HK$4.0 billion |
Bid-to-Cover Ratio* |
: |
1.78 |
Average Price Accepted (Yield) |
: |
101.15 (2.108 %) |
Lowest Price Accepted (Yield) |
: |
100.50 (2.314 %) |
Pro-rata Ratio |
: |
About 71 % |
Average Tender Price (Yield) |
: |
100.67 (2.260 %) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
18 April 2018