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

Press Releases

03 Mar 2021

Tender results of the 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 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

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Last revision date : 03 March 2021