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Tender results of re-opening of 10-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), announces that a tender of 5-year Government Bonds through the re-opening of existing 10-year Government Bond issue 10GB2301 under the Institutional Bond Issuance Programme was held today (May 16). 
     A total of HK$2.5 billion 5-year Government Bonds were offered today.  A total of HK$4.920 billion tender applications were received.  The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 1.97.  The average price accepted is 93.90, implying an annualised yield of 2.507%. 

HKSAR Government Institutional Bond Issuance Programme Government Bond Tender Results
     Tender results of re-opening of 10-year Government Bonds under the Institutional Bond Issuance Programme:
Tender Date
: May 16, 2018
Issue Number
: 10GB2301 (Re-open)
Stock Code
: 4215 (HKGB 1.10 2301)
Issue and Settlement Date
: May 17, 2018
: 5-year
Maturity Date
: January 17, 2023
Coupon Rate
: 1.10%
Amount Applied
: HK$4.920 billion
Amount Allotted
: HK$2.5 billion
Bid-to-Cover Ratio*
: 1.97
Average Price Accepted (Yield)
: 93.90 (2.507%)
Lowest Price Accepted (Yield)
: 93.27 (2.658%)
Pro-rata Ratio : About 68%
Average Tender Price (Yield)
: 93.38 (2.632%)
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, May 16, 2018
Issued at HKT 15:00
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