The Hong Kong Monetary Authority, as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced that a tender of 1-year HONIA-indexed Floating Rate Notes (issue number 01GH2408) under the Institutional Bond Issuance Programme was held today (16 August).
A total of HK$1.5 billion 1-year HONIA-indexed Floating Rate Notes were allocated today. A total of HK$5.825 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of notes applied for to notes issued, is 3.88. The highest spread accepted is 0.38%.
Hong Kong Monetary Authority
16 August 2023
HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS
Tender results of 1-year HONIA-indexed Floating Rate Notes under the Institutional Bond Issuance Programme:
Tender Date |
: |
16 August 2023 |
---|---|---|
Issue Number |
: |
01GH2408 |
Stock Code |
: |
4272 (HKGB FRN 2408) |
Issue and Settlement Date |
: |
17 August 2023 |
Tenor |
: |
1-year |
Maturity Date |
: |
19 August 2024 |
Amount Applied |
: |
HK$5.825 billion |
Amount Allotted |
: |
HK$1.5 billion |
Bid-to-Cover Ratio* |
: |
3.88 |
Highest Spread Accepted |
: |
0.38% |
Average Spread Accepted |
: |
0.31% |
Pro-rata Ratio |
: |
About 50% |
Average Tender Spread |
: |
0.53% |
* Calculated as the amount of notes applied for over the amount of notes issued.
Hong Kong Monetary Authority
16 August 2023