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

Press Releases

19 Jul 2023

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 10-year Government Bonds through the re-opening of existing 15-year Government Bond (issue number 15GB3403) under the Institutional Bond Issuance Programme was held today (19 July). 

A total of HK$1.5 billion 10-year Government Bonds were offered today.  A total of HK$3.871 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 2.58.  The average price accepted is 84.62, implying an annualised yield of 3.827%. 

 

Hong Kong Monetary Authority
19 July 2023


 

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

:

19 July 2023

Issue Number

:

15GB3403 (Re-open)

Stock Code

:

4237 (HKGB 2.02 3403)

Issue and Settlement Date

:

20 July 2023

Tenor

:

10-year

Maturity Date              

:

7 March 2034

Coupon Rate

:

2.02%

Amount Applied

:

HK$3.871 billion

Amount Allotted

:

HK$1.5 billion

Bid-to-Cover Ratio*

:

2.58

Average Price Accepted (Yield)

:

84.62 (3.827%)

Lowest Price Accepted (Yield)

:

83.60 (3.960%)

Pro-rata Ratio

:

About 5%

Average Tender Price (Yield)

:

83.40 (3.986%)

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

 

Hong Kong Monetary Authority
19 July 2023

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Last revision date : 19 July 2023