Tender results of re-opening of 5-year Government Bonds under Institutional Bond Issuance Programme

The following is issued on behalf of the Hong Kong Monetary Authority:

     The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced 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 (Wednesday). 

     A total of HK$4.0 billion 3-year Government Bonds were offered today. A total of HK$10.315 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.58. The average price accepted is 101.41, implying an annualised yield of 0.634%. 

HKSAR Government Institutional Bond Issuance Programme Government Bond tender results

     Tender results of re-opening of 5-year Government Bonds under the Institutional Bond Issuance Programme:
Tender Date : October 5, 2016
Issue Number : 05GB2002 (Re-open)
Stock Code : 4225 (HKGB 1.06 2002)
Issue and Settlement Date : October 6,  2016
Tenor : 3-year
Maturity Date : February 5, 2020
Coupon Rate : 1.06%
Amount Applied : HK$10.315 billion
Amount Allotted : HK$4.0 billion
Bid-to-Cover Ratio* : 2.58
Average Price Accepted (Yield) : 101.41 (0.634%)
Lowest Price Accepted (Yield) : 101.01 (0.754%)
Pro-rata Ratio : About 91%
Average Tender Price (Yield) : 100.89 (0.791%)
* Calculated as the amount of bonds applied for over the amount of bonds issued

Ends/Wednesday, October 5, 2016
Issued at HKT 16:18