Tender results of the re-opening of 3-year Government Bonds under the Institutional Bond Issuance Programme

Press Releases

21 Oct 2021

Tender results of the re-opening of 3-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 3-year Government Bonds through the re-opening of existing 3-year Government Bond issue 03GB2404 under the Institutional Bond Issuance Programme was held today (21 October).

A total of HK$4.0 billion 3-year Government Bonds were offered today. A total of HK$20.035 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 5.01. The average price accepted is 99.55, implying an annualised yield of 0.542%.

Hong Kong Monetary Authority
21 October 2021

HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS
                                                                                                            

Tender results of the re-opening of 3-year Government Bonds under the Institutional Bond Issuance Programme:-

Tender Date

:

21 October 2021

Issue Number

:

03GB2404 (Re-open)

Stock Code

:

4245 (HKGB 0.36 2404)

Issue and Settlement Date

:

22 October 2021

Tenor

:

3-year

Maturity Date

:

15 April 2024

Coupon Rate

:

0.36%

 

 

 

Amount Applied

:

HK$20.035 billion

Amount Allotted

:

HK$4.0 billion

Bid-to-Cover Ratio*

:

5.01

Average Price Accepted (Yield)

:

99.55 (0.542%)

Lowest Price Accepted (Yield)

:

99.43 (0.593%)

Pro-rata Ratio

:

About 38%

Average Tender Price (Yield)

:

99.24 (0.672%)

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

 

Hong Kong Monetary Authority
21 October 2021

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Last revision date : 21 October 2021