Hong Kong Monetary Authority - Tender results of the re-opening of 10-year Government Bonds under the Institutional Bond Issuance Programme

Press Releases

01 Jun 2022

Tender results of the re-opening of 10-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 5-year Government Bonds through the re-opening of existing 10-year Government Bond issue 10GB2706 under the Institutional Bond Issuance Programme was held today (1 June).

A total of HK$2.5 billion 5-year Government Bonds were offered today. A total of HK$8.845 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.54. The average price accepted is 93.19, implying an annualised yield of 2.714%.

Hong Kong Monetary Authority
1 June 2022

HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS
_________________________________________________________________

Tender results of the re-opening of 10-year Government Bonds under the Institutional Bond Issuance Programme:-

Tender Date	:	1 June 2022
Issue Number	:	10GB2706 (Re-open)
Stock Code	:	4235 (HKGB 1.25 2706)
Issue and Settlement Date	:	2 June 2022
Tenor	:	5-year
Maturity Date	:	29 June 2027
Coupon Rate	:	1.25%

Amount Applied	:	HK$8.845 billion
Amount Allotted	:	HK$2.5 billion
Bid-to-Cover Ratio*	:	3.54
Average Price Accepted (Yield)	:	93.19 (2.714%)
Lowest Price Accepted (Yield)	:	93.01 (2.753%)
Pro-rata Ratio	:	About 69%
Average Tender Price (Yield)	:	92.60 (2.845%)

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

Hong Kong Monetary Authority
1 June 2022

Latest Press Releases

View All View All