Tender results of re-opening of 10-year Government Bonds under Institutional Bond Issuance Programme
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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 10-year Government Bond issue 10GB2301 under the Institutional Bond Issuance Programme was held today (October 16).
A total of HK$4.0 billion 3-year Government Bonds were offered today. A total of HK$13.825 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.46. The average price accepted is 98.45, implying an annualised yield of 1.599%.
HKSAR Government Institutional Bond Issuance Programme Government Bond Tender Results
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Tender results of re-opening of 10-year Government Bonds under the Institutional Bond Issuance Programme:
| Tender Date |
: |
October 16, 2019 |
| Issue Number |
: |
10GB2301 (Re-open) |
| Stock Code |
: |
4215 (HKGB 1.10 2301) |
| Issue and Settlement Date |
: |
October 17, 2019 |
| Tenor |
: |
3-year |
| Maturity Date |
: |
January 17, 2023 |
| Coupon Rate |
: |
1.10% |
| Amount Applied |
: |
HK$13.825 billion |
| Amount Allotted |
: |
HK$4.0 billion |
| Bid-to-Cover Ratio* |
: |
3.46 |
| Average Price Accepted (Yield) |
: |
98.45 (1.599%) |
| Lowest Price Accepted (Yield) |
: |
98.19 (1.682%) |
| Pro-rata Ratio |
: |
About 32% |
| Average Tender Price (Yield) |
: |
98.05 (1.727%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, October 16, 2019
Issued at HKT 16:10
Issued at HKT 16:10
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