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

Press Releases

28 Nov 2018

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 5-year Government Bonds through the re-opening of existing 10-year Government Bond issue 10GB2301 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$10.298 billion tender applications were received.  The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 4.12.  The average price accepted is 94.70, implying an annualised yield of 2.472%. 

Hong Kong Monetary Authority
28 November 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

:

28 November 2018

Issue Number

:

10GB2301 (Re-open)

Stock Code

:

4215 (HKGB 1.10 2301)

Issue and Settlement Date

:

29 November 2018

Tenor

:

5-year

Maturity Date

:

17 January 2023

Coupon Rate

:

1.10%

 

 

 

Amount Applied

:

HK$10.298 billion

Amount Allotted

:

HK$2.5 billion

Bid-to-Cover Ratio*

:

4.12 

Average Price Accepted (Yield)

:

94.70 (2.472%)

Lowest Price Accepted (Yield)

:

94.47 (2.534%)

Pro-rata Ratio

:

About 3%

Average Tender Price (Yield)

:

94.22 (2.600%)

 

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

 

Hong Kong Monetary Authority
28 November 2018

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Last revision date : 28 November 2018