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

Press Releases

07 Sep 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 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

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Last revision date : 07 September 2022