The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced that a tender of 1-year HONIA-indexed Floating Rate Notes (issue number 01GH2305) under the Institutional Bond Issuance Programme was held today (17 May).
A total of HK$1.5 billion 1-year HONIA-indexed Floating Rate Notes were allocated today. A total of HK$4.275 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of notes applied for to notes issued, is 2.85. The highest spread accepted is 0.25%.
Hong Kong Monetary Authority
17 May 2022
HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS
Tender results of 1-year HONIA-indexed Floating Rate Notes under the Institutional Bond Issuance Programme:-
Tender Date |
: |
17 May 2022 |
---|---|---|
Issue Number |
: |
01GH2305 |
Stock Code |
: |
4254 (HKGB FRN 2305) |
Issue and Settlement Date |
: |
18 May 2022 |
Tenor |
: |
1-year |
Maturity Date |
: |
18 May 2023 |
|
|
|
Amount Applied |
: |
HK$4.275 billion |
Amount Allotted |
: |
HK$1.5 billion |
Bid-to-Cover Ratio* |
: |
2.85 |
Highest Spread Accepted |
: |
0.25% |
Average Spread Accepted |
: |
0.14% |
Pro-rata Ratio |
: |
About 70% |
Average Tender Spread |
: |
0.29% |
* Calculated as the amount of notes applied for over the amount of notes issued.
Hong Kong Monetary Authority
17 May 2022