Tender results of the re-opening of 5-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 3-year Government Bonds through the re-opening of existing 5-year Government Bond issue 05GB2002 under the Institutional Bond Issuance Programme was held today (April 6).
A total of HK$4.0 billion 3-year Government Bonds were offered today. A total of HK$10.965 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.74. The average price accepted is 99.94, implying an annualised yield of 1.084%.
HKSAR Government Institutional Bond Issuance Programme Government Bond Tender Result
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Tender results of re-opening of 5-year Government Bonds under the Institutional Bond Issuance Programme:
| Tender Date |
: | April 6, 2017 |
| Issue Number |
: | 05GB2002 (Re-open) |
| Stock Code |
: | 4225 (HKGB 1.06 2002) |
| Issue and Settlement Date |
: | April 7, 2017 |
| Tenor |
: | 3-year |
| Maturity Date |
: | February 5, 2020 |
| Coupon Rate |
: | 1.06% |
| Amount Applied |
: | HK$10.965 billion |
| Amount Allotted |
: | HK$4.0 billion |
| Bid-to-Cover Ratio* |
: | 2.74 |
| Average Price Accepted (Yield) |
: | 99.94 (1.084%) |
| Lowest Price Accepted (Yield) |
: | 99.86 (1.113%) |
| Pro-rata Ratio | : | About 14% |
| Average Tender Price (Yield) |
: | 99.72 (1.165%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Thursday, April 6, 2017
Issued at HKT 12:45
Issued at HKT 12:45
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