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

Press Releases

12 Feb 2020

Tender results of the 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 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$1.7 billion 10-year Government Bonds were allocated today. A total of HK$7.450 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 4.38. The average price accepted is 104.15, implying an annualised yield of 1.478%. 

 

Hong Kong Monetary Authority
12 February 2020

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

:

12 February 2020

Issue Number

:

10GB2901

Stock Code

:

4236 (HKGB 1.97 2901)

Issue and Settlement Date

:

13 February 2020

Tenor

:

10-year

Maturity Date

:

17 January 2029

Coupon Rate

:

1.97%

Amount Applied

:

HK$7.450 billion

Amount Allotted

:

HK$1.7 billion

Bid-to-Cover Ratio*

:

4.38

Average Price Accepted (Yield)

:

104.15 (1.478%)

Lowest Price Accepted (Yield)

:

103.96 (1.500%)

Pro-rata Ratio

:

About 9%

Average Tender Price (Yield)

:

103.44 (1.561%)

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

 

Hong Kong Monetary Authority
12 February 2020

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Last revision date : 12 February 2020