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