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

Press Releases

10 Apr 2019

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 3-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$4.0 billion 3-year Government Bonds were offered today. A total of HK$14.213 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.55. The average price accepted is 98.03, implying an annualised yield of 1.822%.

Hong Kong Monetary Authority
10 April 2019

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

:

10 April 2019

Issue Number

:

05GB2205 (Re-open)

Stock Code

:

4234 (HKGB 1.16 2205)

Issue and Settlement Date

:

11 April 2019

Tenor

:

3-year

Maturity Date

:

18 May 2022

Coupon Rate

:

1.16%

Amount Applied

:

HK$14.213 billion

Amount Allotted

:

HK$4.0 billion

Bid-to-Cover Ratio*

:

3.55

Average Price Accepted (Yield)

:

98.03 (1.822%)

Lowest Price Accepted (Yield)

:

97.80 (1.902%)

Pro-rata Ratio

:

About 18%

Average Tender Price (Yield)

:

97.59 (1.974%)

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

 

Hong Kong Monetary Authority
10 April 2019

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Last revision date : 10 April 2019