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

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07 Jun 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 5-year Government Bonds through the re-opening of existing 10-year Government Bond (issue number 10GB2706) under the Institutional Bond Issuance Programme was held today (7 June).

A total of HK$2.5 billion 5-year Government Bonds were offered today. A total of HK$10.437 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 4.17. The average price accepted is 91.85, implying an annualised yield of 3.447%.

Hong Kong Monetary Authority
7 June 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	:	7 June 2023
Issue Number	:	10GB2706 (Re-open)
Stock Code	:	4235 (HKGB 1.25 2706)
Issue and Settlement Date	:	8 June 2023
Tenor	:	5-year
Maturity Date	:	29 June 2027
Coupon Rate	:	1.25%
Amount Applied	:	HK$10.437 billion
Amount Allotted	:	HK$2.5 billion
Bid-to-Cover Ratio*	:	4.17
Average Price Accepted (Yield)	:	91.85 (3.447%)
Lowest Price Accepted (Yield)	:	91.77 (3.469%)
Pro-rata Ratio	:	About 85%
Average Tender Price (Yield)	:	91.38 (3.582%)

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

Hong Kong Monetary Authority
7 June 2023

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