Tender results of the re-opening of 10-year Government Bonds under the Institutional Bond Issuance Programme
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The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces that a tender of 10-year Government Bonds through the re-opening of existing 10-year Government Bond issue 10GB2601 under the Institutional Bond Issuance Programme was held today (January 18).
A total of HK$1.2 billion 10-year Government Bonds were offered today. A total of HK$5.0 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 4.17. The average price accepted is 99.30, implying an annualised yield of 1.773%.
HKSAR Government Institutional Bond Issuance Programme Government Bond Tender Results
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Tender results of re-opening of 10-year Government Bonds under the Institutional Bond Issuance Programme:
| Tender Date |
: | January 18, 2017 |
| Issue Number |
: | 10GB2601 (Re-open) |
| Stock Code |
: | 4230 (HKGB 1.68 2601) |
| Issue and Settlement Date |
: | January 19, 2017 |
| Tenor |
: | 10-year |
| Maturity Date |
: | January 21, 2026 |
| Coupon Rate |
: | 1.68% |
| Amount Applied |
: | HK$5.0 billion |
| Amount Allotted |
: | HK$1.2 billion |
| Bid-to-Cover Ratio* |
: | 4.17 |
| Average Price Accepted (Yield) |
: | 99.30 (1.773%) |
| Lowest Price Accepted (Yield) |
: | 99.15 (1.791%) |
| Pro-rata Ratio | : | About 20% |
| Average Tender Price (Yield) |
: | 98.67 (1.849%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, January 18, 2017
Issued at HKT 15:20
Issued at HKT 15:20
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