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