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Tender results of the 10-year Government Bonds under the 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 today (June 26) that tender for a 10-year Government Bond (issue number 10GB2901) under the Institutional Bond Issuance Programme was held today.
     A total of HK$1.5 billion 10-year Government Bonds were allocated today.  A total of HK$5.921 billion tender applications were received.  The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.95.  The average price accepted is 102.60, implying an annualised yield of 1.682%. 

HKSAR Government Institutional Bond Issuance Programme Government Bond tender results

     Tender results of 10-year Government Bonds under the Institutional Bond Issuance Programme:
Tender Date
: June 26, 2019
Issue Number
: 10GB2901
Stock Code
: 4236 (HKGB 1.97 2901)
Issue and Settlement Date
: June 27, 2019
: 10-year
Maturity Date
: January 17, 2029
Coupon Rate
: 1.97%
Amount Applied
: HK$5.921 billion
Amount Allotted
: HK$1.5 billion
Bid-to-Cover Ratio*
: 3.95
Average Price Accepted (Yield)
: 102.60 (1.682%)
Lowest Price Accepted (Yield)
: 102.30 (1.715%)
Pro-rata Ratio : About 20%
Average Tender Price (Yield)
: 101.87 (1.764%)
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, June 26, 2019
Issued at HKT 15:45
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