Tender results of the 3-year Government Bonds under the Institutional Bond Issuance Programme

Press Releases

21 Oct 2020

Tender results of the 3-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 3-year Government Bond (issue number 03GB2310) under the Institutional Bond Issuance Programme was held today.

A total of HK$4.0 billion 3-year Government Bonds were allocated today. A total of HK$13.695 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.42. The average price accepted is 100.73, implying an annualised yield of 0.267%.

Hong Kong Monetary Authority
21 October 2020

HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS
                                                                                                            

Tender results of 3-year Government Bonds under the Institutional Bond Issuance Programme:-

Tender Date

:

21 October 2020

Issue Number

:

03GB2310

Stock Code

:

4240 (HKGB 0.51 2310)

Issue and Settlement Date

:

22 October 2020

Tenor

:

3-year

Maturity Date

:

23 October 2023

Coupon Rate

:

0.51%

 

Amount Applied

:

HK$13.695 billion

Amount Allotted

:

HK$4.0 billion

Bid-to-Cover Ratio*

:

3.42

Average Price Accepted (Yield)

:

100.73 (0.267%)

Lowest Price Accepted (Yield)

:

100.63 (0.299%)

Pro-rata Ratio

:

About 77%

Average Tender Price (Yield)

:

100.52 (0.337%)

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

 

Hong Kong Monetary Authority
21 October 2020

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Last revision date : 21 October 2020