The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces that a tender of 3-year Government Bonds through the re-opening of existing 10-year Government Bond issue 10GB2301 under the Institutional Bond Issuance Programme was held today (Wednesday).
A total of HK$4.0 billion 3-year Government Bonds were offered today. A total of HK$13.100 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.28. The average price accepted is 101.50, implying an annualised yield of 0.547%.
Hong Kong Monetary Authority
22 April 2020
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 |
: |
22 April 2020 |
---|---|---|
Issue Number |
: |
10GB2301 (Re-open) |
Stock Code |
: |
4215 (HKGB 1.10 2301) |
Issue and Settlement Date |
: |
23 April 2020 |
Tenor |
: |
3-year |
Maturity Date |
: |
17 January 2023 |
Coupon Rate |
: |
1.10% |
Amount Applied |
: |
HK$13.100 billion |
Amount Allotted |
: |
HK$4.0 billion |
Bid-to-Cover Ratio* |
: |
3.28 |
Average Price Accepted (Yield) |
: |
101.50 (0.547%) |
Lowest Price Accepted (Yield) |
: |
101.27 (0.632%) |
Pro-rata Ratio |
: |
About 88% |
Average Tender Price (Yield) |
: |
101.05 (0.711%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
22 April 2020