Tender results of the 20-year Government Bonds under the Institutional Bond Issuance Programme

Press Releases

25 May 2022

Tender results of the 20-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 20-year Government Bonds (issue number 20GB4205) under the Institutional Bond Issuance Programme was held today (25 May). 

A total of HK$0.5 billion 20-year Government Bonds were allocated today. A total of HK$1.492 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.98. The average price accepted is 100.39, implying an annualised yield of 3.300%. 

 

Hong Kong Monetary Authority
25 May 2022

HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS
                                                                                                            

Tender results of 20-year Government Bonds under the Institutional Bond Issuance Programme:-

Tender Date

:

25 May 2022

Issue Number

:

20GB4205

Stock Code

:

4255 (HKGB 3.30 4205)

Issue and Settlement Date

:

26 May 2022

Tenor

:

20-year

Maturity Date

:

26 May 2042

Coupon Rate

:

3.30%

 

Amount Applied

:

HK$1.492 billion

Amount Allotted

:

HK$0.5 billion

Bid-to-Cover Ratio*

:

2.98

Average Price Accepted (Yield)

:

100.39 (3.300%)

Lowest Price Accepted (Yield)

:

98.40 (3.440%)

Pro-rata Ratio

:

About 24%

Average Tender Price (Yield)

:

96.02 (3.613%)

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

 

Hong Kong Monetary Authority
25 May 2022

Latest Press Releases
Last revision date : 25 May 2022