Tender results of the re-opening of 10-year Government Bonds under the 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 (April 22).
A total of HK$4.0 billion 3-year Government Bonds were offered today. A total of HK$13.100 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.28. The average price accepted is 101.50, implying an annualised yield of 0.547%.
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 |
: | April 22, 2020 |
| Issue Number |
: | 10GB2301 (Re-open) |
| Stock Code |
: | 4215 (HKGB 1.10 2301) |
| Issue and Settlement Date |
: | April 23, 2020 |
| Tenor |
: | 3-year |
| Maturity Date |
: | January 17, 2023 |
| Coupon Rate |
: | 1.10% |
| Amount Applied |
: | HK$13.100 billion |
| Amount Allotted |
: | HK$4.0 billion |
| Bid-to-Cover Ratio* |
: | 3.28 |
| Average Price Accepted (Yield) |
: | 101.50 (0.547%) |
| Lowest Price Accepted (Yield) |
: | 101.27 (0.632%) |
| Pro-rata Ratio | : | About 88% |
| Average Tender Price (Yield) |
: | 101.05 (0.711%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, April 22, 2020
Issued at HKT 15:00
Issued at HKT 15:00
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