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

Press Releases

08 Sep 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 15-year Government Bonds through the re-opening of existing 15-year Government Bond issue 15GB3603 under the Institutional Bond Issuance Programme was held today (8 September).

A total of HK$1.0 billion 15-year Government Bonds were offered today. A total of HK$2.709 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.71. The average price accepted is 99.74, implying an annualised yield of 1.617%.

Hong Kong Monetary Authority
8 September 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	:	8 September 2021
Issue Number	:	15GB3603 (Re-open)
Stock Code	:	4244 (HKGB 1.59 3603)
Issue and Settlement Date	:	9 September 2021
Tenor	:	15-year
Maturity Date	:	4 March 2036
Coupon Rate	:	1.59%

Amount Applied	:	HK$2.709 billion
Amount Allotted	:	HK$1.0 billion
Bid-to-Cover Ratio*	:	2.71
Average Price Accepted (Yield)	:	99.74 (1.617%)
Lowest Price Accepted (Yield)	:	99.01 (1.674%)
Pro-rata Ratio	:	About 80%
Average Tender Price (Yield)	:	98.14 (1.744%)

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

Hong Kong Monetary Authority
8 September 2021

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