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 10GB2408 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$10.013 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 4.01. The average price accepted is 102.42, implying an annualised yield of 1.693%.
Hong Kong Monetary Authority
13 November 2019
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 |
: |
13 November 2019 |
---|---|---|
Issue Number |
: |
10GB2408 (Re-open) |
Stock Code |
: |
4221 (HKGB 2.22 2408) |
Issue and Settlement Date |
: |
14 November 2019 |
Tenor |
: |
5-year |
Maturity Date |
: |
7 August 2024 |
Coupon Rate |
: |
2.22% |
Amount Applied |
: |
HK$10.013 billion |
Amount Allotted |
: |
HK$2.5 billion |
Bid-to-Cover Ratio* |
: |
4.01 |
Average Price Accepted (Yield) |
: |
102.42 (1.693%) |
Lowest Price Accepted (Yield) |
: |
102.20 (1.741%) |
Pro-rata Ratio |
: |
About 40% |
Average Tender Price (Yield) |
: |
101.74 (1.842%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
13 November 2019