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