Tender results of the re-opening of 5-year Government Bonds under the Institutional Bond Issuance Programme
******************************************************************************************
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 05GB2011 under the Institutional Bond Issuance Programme was held today (October 18).
A total of HK$4.0 billion 3-year Government Bonds were offered today. A total of HK$8.810 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.20. The average price accepted is 98.97, implying an annualised yield of 1.262%.
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 18, 2017 |
| Issue Number |
: | 05GB2011 (Re-open) |
| Stock Code |
: | 4229 (HKGB 0.91 2011) |
| Issue and Settlement Date |
: | October 19, 2017 |
| Tenor |
: | 3-year |
| Maturity Date |
: | November 5, 2020 |
| Coupon Rate |
: | 0.91% |
| Amount Applied |
: | HK$8.810 billion |
| Amount Allotted |
: | HK$4.0 billion |
| Bid-to-Cover Ratio* |
: | 2.20 |
| Average Price Accepted (Yield) |
: | 98.97 (1.262%) |
| Lowest Price Accepted (Yield) |
: | 98.80 (1.318%) |
| Pro-rata Ratio | : | About 67% |
| Average Tender Price (Yield) |
: | 97.51 (1.763%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, October 18, 2017
Issued at HKT 15:40
Issued at HKT 15:40
NNNN