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), 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

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