Tender results of the re-opening of 15-year Government Bonds under the Institutional Bond Issuance Programme

Press Releases

13 Jul 2022

Tender results of the re-opening of 15-year Government Bonds under the Institutional Bond Issuance Programme

The Hong Kong Monetary Authority, as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced that a tender of 10-year Government Bonds through the re-opening of existing 15-year Government Bond issue 15GB3203 under the Institutional Bond Issuance Programme was held today (13 July).

A total of HK$1.5 billion 10-year Government Bonds were offered today. A total of HK$5.144 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.43. The average price accepted is 89.16, implying an annualised yield of 3.232%.

Hong Kong Monetary Authority
13 July 2022


 

HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS
_________________________________________________________________

Tender results of the re-opening of 15-year Government Bonds under the Institutional Bond Issuance Programme:-

Tender Date

:

13 July 2022

Issue Number

:

15GB3203 (Re-open)

Stock Code

:

4232 (HKGB 1.89 3203)

Issue and Settlement Date

:

14 July 2022

Tenor

:

10-year

Maturity Date              

:

2 March 2032

Coupon Rate

:

1.89%

Amount Applied

:

HK$5.144 billion

Amount Allotted

:

HK$1.5 billion

Bid-to-Cover Ratio*

:

3.43

Average Price Accepted (Yield)

:

89.16 (3.232%)

Lowest Price Accepted (Yield)

:

88.70 (3.293%)

Pro-rata Ratio

:

About 20%

Average Tender Price (Yield)

:

87.96 (3.392%)

 

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

Hong Kong Monetary Authority
13 July 2022

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Last revision date : 13 July 2022