Tender results of the re-opening of 15-year Government Bonds under the Institutional Bond Issuance Programme

Press Releases

03 Feb 2021

Tender results of the re-opening of 15-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 10-year Government Bonds through the re-opening of existing 15-year Government Bond issue 15GB3007 under the Institutional Bond Issuance Programme was held today (Wednesday).

A total of HK$1.7 billion 15-year Government Bonds were offered today. A total of HK$5.336 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.14. The average price accepted is 110.07, implying an annualised yield of 1.012%.

Hong Kong Monetary Authority
3 February 2021

HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS
                                                                                                            

Tender results of re-opening of 15-year Government Bonds under the Institutional Bond Issuance Programme:-

Tender Date

:

3 February 2021

Issue Number

:

15GB3007 (Re-open)

Stock Code

:

4227 (HKGB 2.13 3007)

Issue and Settlement Date

:

4 February 2021

Tenor

:

10-year

Maturity Date

:

16 July 2030

Coupon Rate

:

2.13%

 

 

 

Amount Applied

:

HK$5.336 billion

Amount Allotted

:

HK$1.7 billion

Bid-to-Cover Ratio*

:

3.14

Average Price Accepted (Yield)

:

110.07 (1.012%)

Lowest Price Accepted (Yield)

:

109.62 (1.060%)

Pro-rata Ratio

:

About 36%

Average Tender Price (Yield)

:

109.23 (1.102%)

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

 

Hong Kong Monetary Authority
3 February 2021

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Last revision date : 03 February 2021