The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces today (Wednesday) that tender for a 10-year Government Bond (issue number 10GB2901) under the Institutional Bond Issuance Programme was held today.
A total of HK$1.5 billion 10-year Government Bonds were allocated today. A total of HK$5.921 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.95. The average price accepted is 102.60, implying an annualised yield of 1.682%.
Hong Kong Monetary Authority
26 June 2019
HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS
Tender results of 10-year Government Bonds under the Institutional Bond Issuance Programme:-
Tender Date |
: |
26 June 2019 |
---|---|---|
Issue Number |
: |
10GB2901 |
Stock Code |
: |
4236 (HKGB 1.97 2901) |
Issue and Settlement Date |
: |
27 June 2019 |
Tenor |
: |
10-year |
Maturity Date |
: |
17 January 2029 |
Coupon Rate |
: |
1.97% |
Amount Applied |
: |
HK$5.921 billion |
Amount Allotted |
: |
HK$1.5 billion |
Bid-to-Cover Ratio* |
: |
3.95 |
Average Price Accepted (Yield) |
: |
102.60 (1.682%) |
Lowest Price Accepted (Yield) |
: |
102.30 (1.715%) |
Pro-rata Ratio |
: |
About 20% |
Average Tender Price (Yield) |
: |
101.87 (1.764%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
26 June 2019