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

Press Releases

02 Jun 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 15GB3203 under the Institutional Bond Issuance Programme was held today (Wednesday).

A total of HK$1.7 billion 10-year Government Bonds were offered today. A total of HK$4.186 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.46. The average price accepted is 103.86, implying an annualised yield of 1.505%.

Hong Kong Monetary Authority
2 June 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

:

2 June 2021

Issue Number

:

15GB3203 (Re-open)

Stock Code

:

4232 (HKGB 1.89 3203)

Issue and Settlement Date

:

3 June 2021

Tenor

:

10-year

Maturity Date

:

2 March 2032

Coupon Rate

:

1.89%

 

 

 

Amount Applied

:

HK$4.186 billion

Amount Allotted

:

HK$1.7 billion

Bid-to-Cover Ratio*

:

2.46

Average Price Accepted (Yield)

:

103.86 (1.505%)

Lowest Price Accepted (Yield)

:

103.30 (1.561%)

Pro-rata Ratio

:

About 3%

Average Tender Price (Yield)

:

103.11 (1.580%)

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

 

Hong Kong Monetary Authority
2 June 2021

Latest Press Releases
Last revision date : 02 June 2021