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Tender results of the 15-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 that tender for a 15-year Government Bond (issue number 15GB3403) under the Institutional Bond Issuance Programme was held today (September 11).
     A total of HK$0.8 billion 15-year Government Bonds were allocated today.  A total of HK$3.121 billion tender applications were received.  The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.90.  The average price accepted is 106.30, implying an annualised yield of 1.539%. 

HKSAR Government Institutional Bond Issuance Programme Government Bond tender results
     Tender results of 15-year Government Bonds under the Institutional Bond Issuance Programme:
Tender Date
: September 11, 2019
Issue Number
: 15GB3403
Stock Code
: 4237 (HKGB 2.02 3403)
Issue and Settlement Date
: September 12, 2019
: 15-year
Maturity Date
: March 7, 2034
Coupon Rate
: 2.02%
Amount Applied
: HK$3.121 billion
Amount Allotted
: HK$0.8 billion
Bid-to-Cover Ratio*
: 3.90
Average Price Accepted (Yield)
: 106.30 (1.539%)
Lowest Price Accepted (Yield)
: 105.78 (1.579%)
Pro-rata Ratio : About 26%
Average Tender Price (Yield)
: 105.09 (1.631%)
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, September 11, 2019
Issued at HKT 15:55
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