The following is issued on behalf of the Hong Kong Monetary Authority:

     The Hong Kong Monetary Authority, as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces that a tender of 5-year Government Bonds through the re-opening of existing 10-year Government Bond issue 10GB2601 under the Institutional Bond Issuance Programme was held today (May 13). 
 
     A total of HK$2.5 billion 10-year Government Bonds were offered today. A total of HK$7.655 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.06. The average price accepted is 106.72, implying an annualised yield of 0.482%.

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	:	May 13, 2020
Issue Number	:	10GB2601 (Re-open)
Stock Code	:	4230 (HKGB 1.68 2601)
Issue and Settlement Date	:	May 14, 2020
Tenor	:	5-year
Maturity Date	:	January 21, 2026
Coupon Rate	:	1.68%
Amount Applied	:	HK$7.655 billion
Amount Allotted	:	HK$2.5 billion
Bid-to-Cover Ratio*	:	3.06
Average Price Accepted (Yield)	:	106.72 (0.482%)
Lowest Price Accepted (Yield)	:	106.45 (0.528%)
Pro-rata Ratio	:	About 7%
Average Tender Price (Yield)	:	106.24 (0.565%)

 
* Calculated as the amount of bonds applied for over the amount of bonds issued.

Ends/Wednesday, May 13, 2020
Issued at HKT 16:05

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