Tender results of 15-year Government Bonds under 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 tender for a 15-year Government Bond (issue number 15GB3203) under the Institutional Bond Issuance Programme was held today (March 1).
A total of HK$0.6 billion 15-year Government Bonds were offered today. A total of HK$2.175 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.63. The average price accepted is 98.35, implying an annualised yield of 2.029%.
HKSAR Government Institutional Bond Issuance Programme Government Bond tender results
Tender results of 15-year Government Bonds under the Institutional Bond Issuance Programme:
| Tender Date |
: | March 1, 2017 |
| Issue Number |
: | 15GB3203 |
| Stock Code |
: | 4232 (HKGB 1.89 3203) |
| Issue and Settlement Date |
: | March 2, 2017 |
| Tenor |
: | 15-year |
| Maturity Date |
: | March 2, 2032 |
| Coupon Rate |
: | 1.89% |
| Amount Applied |
: | HK$2.175 billion |
| Amount Allotted |
: | HK$0.6 billion |
| Bid-to-Cover Ratio* |
: | 3.63 |
| Average Price Accepted (Yield) |
: | 98.35 (2.029%) |
| Lowest Price Accepted (Yield) |
: | 97.80 (2.072%) |
| Pro-rata Ratio | : | About 50% |
| Average Tender Price (Yield) |
: | 97.02 (2.135%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, March 1, 2017
Issued at HKT 13:18
Issued at HKT 13:18
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