Tender results of the re-opening of 20-year Government Bonds under the Institutional Bond Issuance Programme

Press Releases

13 Sep 2023

Tender results of the re-opening of 20-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 20-year Government Bonds through the re-opening of existing 20-year Government Bond (issue number 20GB4205) under the Institutional Bond Issuance Programme was held today (13 September). 

A total of HK$0.5 billion 20-year Government Bonds were offered today. A total of HK$1.275 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 2.55. The average price accepted is 83.45, implying an annualised yield of 4.686%. 

 

Hong Kong Monetary Authority
13 September 2023

 

HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS
                                                                                                            

Tender results of the re-opening of 20-year Government Bonds under the Institutional Bond Issuance Programme:

Tender Date

:

13 September 2023

Issue Number

:

20GB4205 (Re-open)

Stock Code

:

4255 (HKGB 3.30 4205)

Issue and Settlement Date

:

14 September 2023

Tenor

:

20-year

Maturity Date

:

26 May 2042

Coupon Rate

:

3.30%

Amount Applied

:

HK$1.275 billion

Amount Allotted

:

HK$0.5 billion

Bid-to-Cover Ratio*

:

2.55

Average Price Accepted (Yield)

:

83.45 (4.686%)

Lowest Price Accepted (Yield)

:

82.72 (4.754%)

Pro-rata Ratio

:

About 43%

Average Tender Price (Yield)

:

82.31 (4.793%)

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

 

Hong Kong Monetary Authority
13 September 2023

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Last revision date : 13 September 2023