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