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

Press Releases

26 Apr 2023

Tender results of the re-opening of 10-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 3-year Government Bonds through the re-opening of existing 10-year Government Bond (issue number 10GB2601) under the Institutional Bond Issuance Programme was held today (26 April).

A total of HK$5.0 billion 3-year Government Bonds were offered today.  A total of HK$18.675 billion tender applications were received.  The bid-to-cover ratio, i.e. the ratio of the amount of bonds applied for over the amount of bonds issued, is 3.74.  The average price accepted is 96.14, implying an annualised yield of 3.189%.

Hong Kong Monetary Authority
26 April 2023


 

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

:

26 April 2023

Issue Number

:

10GB2601 (Re-open)

Stock Code

:

4230 (HKGB 1.68 2601)

Issue and Settlement Date

:

27 April 2023

Tenor

:

3-year

Maturity Date              

:

21 January 2026

Coupon Rate

:

1.68%

 

 

 

Amount Applied

:

HK$18.675 billion

Amount Allotted

:

HK$5.0 billion

Bid-to-Cover Ratio*

:

3.74

Average Price Accepted (Yield)

:

96.14 (3.189%)

Lowest Price Accepted (Yield)

:

96.06 (3.220%)

Pro-rata Ratio

:

About 29%

Average Tender Price (Yield)

:

95.76 (3.342%)

* Ratio of the amount of bonds applied for over the amount of bonds issued.

 

Hong Kong Monetary Authority
26 April 2023

Latest Press Releases
Last revision date : 26 April 2023