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

Press Releases

22 Apr 2020

Tender results of the re-opening of 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 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

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Last revision date : 22 April 2020