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 tender of 15-year Government Bonds through the re-opening of existing 15-year Government Bond issue 15GB3203 under the Institutional Bond Issuance Programme was held today (September 6).

     A total of HK$0.6 billion 15-year Government Bonds were offered today.  A total of HK$2.039 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.40. The average price accepted is 104.34, implying an annualised yield of 1.561%. 

HKSAR Government Institutional Bond Issuance Programme Government Bond tender results

Tender results of re-opening of 15-year Government Bonds under the Institutional Bond Issuance Programme:
 

Tender Date	:	September 6, 2017
Issue Number	:	15GB3203 (Re-open)
Stock Code	:	4232 (HKGB 1.89 3203)
Issue and Settlement Date	:	September 7, 2017
Tenor	:	15-year
Maturity Date	:	March 2, 2032
Coupon Rate	:	1.89%
Amount Applied	:	HK$2.039 billion
Amount Allotted	:	HK$0.6 billion
Bid-to-Cover Ratio*	:	3.40
Average Price Accepted (Yield)	:	104.34 (1.561%)
Lowest Price Accepted (Yield)	:	103.90 (1.594%)
Pro-rata Ratio	:	About 32%
Average Tender Price (Yield)	:	103.62 (1.616%)

 
* Calculated as the amount of bonds applied for over the amount of bonds issued.

Ends/Wednesday, September 6, 2017
Issued at HKT 15:38

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