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 5-year Government Bonds through the re-opening of existing 10-Year Government Bond issue 10GB2108 under the Institutional Bond Issuance Programme was held today (November 2).
A total of HK$2.5 billion 5-year Government Bonds were offered today. A total of HK$7.678 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.07. The average price accepted is 107.45, implying an annualised yield of 0.858%.
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 |
: | November 2, 2016 |
| Issue Number |
: | 10GB2108 (Re-open) |
| Stock Code |
: | 4209 (HKGB 2.46 2108) |
| Issue and Settlement Date |
: | November 3, 2016 |
| Tenor |
: | 5-year |
| Maturity Date |
: | August 4, 2021 |
| Coupon Rate |
: | 2.46% |
| Amount Applied |
: | HK$7.678 billion |
| Amount Allotted |
: | HK$2.5 billion |
| Bid-to-Cover Ratio* |
: | 3.07 |
| Average Price Accepted (Yield) |
: | 107.45 (0.858 %) |
| Lowest Price Accepted (Yield) |
: | 107.31 (0.887 %) |
| Pro-rata Ratio | : | About 43 % |
| Average Tender Price (Yield) |
: | 107.06 (0.939 %) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, November 2, 2016
Issued at HKT 15:07
Issued at HKT 15:07
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