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