Tender results of 3-year HKD HKSAR Institutional Government Bonds

Press Releases

23 Oct 2024

Tender results of 3-year HKD HKSAR Institutional Government Bonds

The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced that a tender for 3-year HKD institutional Government Bonds (issue number 03GB2710001) under the Infrastructure Bond Programme was held today (23 October).

A total of HK$5.5 billion 3-year Government Bonds were offered today. A total of HK$21.375 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.89. The average price accepted is 99.89, implying an annualised yield of 2.952%.

 

Hong Kong Monetary Authority
23 October 2024

 

HKSAR INSTITUTIONAL GOVERNMENT BONDS TENDER RESULTS

Tender results of 3-year HKD HKSAR Institutional Government Bonds:-

Tender Date

:

23 October 2024

Issue Number

:

03GB2710001

Stock Code

:

4283 (HKGB 2.89 2710)

Issue and Settlement Date

:

24 October 2024

Tenor

:

3 years

Maturity Date

:

25 October 2027

Coupon Rate

:

2.89%

Amount Applied

:

HK$21.375 billion

Amount Allotted

:

HK$5.5 billion

Bid-to-Cover Ratio*

:

3.89

Average Price Accepted (Yield)

:

99.89 (2.952%)

Lowest Price Accepted (Yield)

:

99.75 (3.000%)

Pro-rata Ratio

:

About 99%

Average Tender Price (Yield)

:

99.30 (3.160%)

* Calculated as the amount of bonds applied for over the amount of bonds issued.

 

Hong Kong Monetary Authority
23 October 2024

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Last revision date : 23 October 2024