The Hong Kong Monetary Authority, as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced that a tender of 15-year Government Bonds through the re-opening of existing 15-year Government Bond issue 15GB3603 under the Institutional Bond Issuance Programme was held today (7 September).
A total of HK$1.0 billion 15-year Government Bonds were offered today. A total of HK$3.018 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.02. The average price accepted is 77.02, implying an annualised yield of 3.816%.
Hong Kong Monetary Authority
7 September 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 |
: |
7 September 2022 |
---|---|---|
Issue Number |
: |
15GB3603 (Re-open) |
Stock Code |
: |
4244 (HKGB 1.59 3603) |
Issue and Settlement Date |
: |
8 September 2022 |
Tenor |
: |
15-year |
Maturity Date |
: |
4 March 2036 |
Coupon Rate |
: |
1.59% |
Amount Applied |
: |
HK$3.018 billion |
Amount Allotted |
: |
HK$1.0 billion |
Bid-to-Cover Ratio* |
: |
3.02 |
Average Price Accepted (Yield) |
: |
77.02 (3.816%) |
Lowest Price Accepted (Yield) |
: |
76.41 (3.885%) |
Pro-rata Ratio |
: |
About 74% |
Average Tender Price (Yield) |
: |
75.96 (3.936%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
7 September 2022