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 10GB2601 under the Institutional Bond Issuance Programme was held today (Wednesday).
A total of HK$2.5 billion 10-year Government Bonds were offered today. A total of HK$7.655 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.06. The average price accepted is 106.72, implying an annualised yield of 0.482%.
Hong Kong Monetary Authority
13 May 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 |
: |
13 May 2020 |
---|---|---|
Issue Number |
: |
10GB2601 (Re-open) |
Stock Code |
: |
4230 (HKGB 1.68 2601) |
Issue and Settlement Date |
: |
14 May 2020 |
Tenor |
: |
5-year |
Maturity Date |
: |
21 January 2026 |
Coupon Rate |
: |
1.68% |
Amount Applied |
: |
HK$7.655 billion |
Amount Allotted |
: |
HK$2.5 billion |
Bid-to-Cover Ratio* |
: |
3.06 |
Average Price Accepted (Yield) |
: |
106.72 (0.482%) |
Lowest Price Accepted (Yield) |
: |
106.45 (0.528%) |
Pro-rata Ratio |
: |
About 7% |
Average Tender Price (Yield) |
: |
106.24 (0.565%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
13 May 2020