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

Press Releases

02 Mar 2022

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), announced 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 (2 March).

A total of HK$0.8 billion 15-year Government Bonds were offered today. A total of HK$2.537 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.17. The average price accepted is 94.43, implying an annualised yield of 2.060%

Hong Kong Monetary Authority
2 March 2022

HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS
_________________________________________________________________

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

Tender Date	:	2 March 2022
Issue Number	:	15GB3603 (Re-open)
Stock Code	:	4244 (HKGB 1.59 3603)
Issue and Settlement Date	:	3 March 2022
Tenor	:	15-year
Maturity Date	:	4 March 2036
Coupon Rate	:	1.59%
Amount Applied	:	HK$2.537 billion
Amount Allotted	:	HK$0.8 billion
Bid-to-Cover Ratio*	:	3.17
Average Price Accepted (Yield)	:	94.43 (2.060%)
Lowest Price Accepted (Yield)	:	93.60 (2.132%)
Pro-rata Ratio	:	About 10%
Average Tender Price (Yield)	:	93.15 (2.171%)

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

Hong Kong Monetary Authority
2 March 2022

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