The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces that a tender of 15-year Government Bond (issue number 15GB3603) under the Institutional Bond Issuance Programme was held today (Wednesday).
A total of HK$1.0 billion 15-year Government Bonds were allocated today. A total of HK$2.741 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.74. The average price accepted is 97.52, implying an annualised yield of 1.787%.
Hong Kong Monetary Authority
3 March 2021
HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS
Tender results of 15-year Government Bonds under the Institutional Bond Issuance Programme:-
Tender Date |
: |
3 March 2021 |
---|---|---|
Issue Number |
: |
15GB3603 |
Stock Code |
: |
4244 (HKGB 1.59 3603) |
Issue and Settlement Date |
: |
4 March 2021 |
Tenor |
: |
15-year |
Maturity Date |
: |
4 March 2036 |
Coupon Rate |
: |
1.59% |
|
|
|
Amount Applied |
: |
HK$2.741 billion |
Amount Allotted |
: |
HK$1.0 billion |
Bid-to-Cover Ratio* |
: |
2.74 |
Average Price Accepted (Yield) |
: |
97.52 (1.787%) |
Lowest Price Accepted (Yield) |
: |
96.86 (1.839%) |
Pro-rata Ratio |
: |
About 79% |
Average Tender Price (Yield) |
: |
96.37 (1.878%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
3 March 2021