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

Press Releases

13 Apr 2022

Tender results of the 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), announced that a tender of 3-year Government Bonds (issue number 03GB2504) under the Institutional Bond Issuance Programme was held today (13 April). 

A total of HK$4.0 billion 3-year Government Bonds were allocated today.  A total of HK$14.025 billion tender applications were received.  The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.51.  The average price accepted is 98.19, implying an annualised yield of 2.433%. 

 

Hong Kong Monetary Authority
13 April 2022

HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS
                                                                                                            

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

Tender Date

:

13 April 2022

Issue Number

:

03GB2504

Stock Code

:

4253 (HKGB 1.79 2504)

Issue and Settlement Date

:

14 April 2022

Tenor

:

3-year

Maturity Date

:

14 April 2025

Coupon Rate

:

1.79%

 

Amount Applied

:

HK$14.025 billion

Amount Allotted

:

HK$4.0 billion

Bid-to-Cover Ratio*

:

3.51

Average Price Accepted (Yield)

:

98.19 (2.433%)

Lowest Price Accepted (Yield)

:

98.03 (2.491%)

Pro-rata Ratio

:

About 22%

Average Tender Price (Yield)

:

97.84 (2.557%)

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

 

Hong Kong Monetary Authority
13 April 2022

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Last revision date : 13 April 2022