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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 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
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
Maturity Date
January 17, 2023
Coupon Rate
Amount Applied
HK$13.825 billion
Amount Allotted
HK$4.0 billion
Bid-to-Cover Ratio*
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
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