Tender results of the 15-year Government Bonds under the Institutional Bond Issuance Programme

Press Releases

11 Sep 2019

Tender results of the 15-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 tender for a 15-year Government Bond (issue number 15GB3403) under the Institutional Bond Issuance Programme was held today (Wednesday).

A total of HK$0.8 billion 15-year Government Bonds were allocated today. A total of HK$3.121 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.90. The average price accepted is 106.30, implying an annualised yield of 1.539%.

 

Hong Kong Monetary Authority
11 September 2019

HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS
                                                                                                            

Tender results of 15-year Government Bonds under the Institutional Bond Issuance Programme:-

Tender Date

:

11 September 2019

Issue Number

:

15GB3403

Stock Code

:

4237 (HKGB 2.02 3403)

Issue and Settlement Date

:

12 September 2019

Tenor

:

15-year

Maturity Date

:

7 March 2034

Coupon Rate

:

2.02%

Amount Applied

:

HK$3.121 billion

Amount Allotted

:

HK$0.8 billion

Bid-to-Cover Ratio*

:

3.90

Average Price Accepted (Yield)

:

106.30 (1.539%)

Lowest Price Accepted (Yield)

:

105.78 (1.579%)

Pro-rata Ratio

:

About 26%

Average Tender Price (Yield)

:

105.09 (1.631%)

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

 

Hong Kong Monetary Authority
11 September 2019

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Last revision date : 11 September 2019