Tender results of the re-opening of 10-year Government Bonds under the Institutional Bond Issuance Programme

Press Releases

01 Dec 2021

Tender results of the re-opening of 10-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), announced that a tender of 5-year Government Bonds through the re-opening of existing 10-year Government Bond issue 10GB2706 under the Institutional Bond Issuance Programme was held today (1 December).

A total of HK$2.5 billion 5-year Government Bonds were offered today. A total of HK$7.695 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.08. The average price accepted is 99.59, implying an annualised yield of 1.331%.

Hong Kong Monetary Authority
1 December 2021

HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS
                                                                                                            

Tender results of the re-opening of 10-year Government Bonds under the Institutional Bond Issuance Programme:-

Tender Date

:

1 December 2021

Issue Number

:

10GB2706 (Re-open)

Stock Code

:

4235 (HKGB 1.25 2706)

Issue and Settlement Date

:

2 December 2021

Tenor

:

5-year

Maturity Date

:

29 June 2027

Coupon Rate

:

1.25%

 

 

 

Amount Applied

:

HK$7.695 billion

Amount Allotted

:

HK$2.5 billion

Bid-to-Cover Ratio*

:

3.08

Average Price Accepted (Yield)

:

99.59 (1.331%)

Lowest Price Accepted (Yield)

:

99.29 (1.388%)

Pro-rata Ratio

:

About 5%

Average Tender Price (Yield)

:

98.84 (1.474%)

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

 

Hong Kong Monetary Authority
1 December 2021

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Last revision date : 01 December 2021