Tender results of 3-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 today (April 14) that tender for a 3-year Government Bond (issue number 03GB2404) under the Institutional Bond Issuance Programme was held today.
A total of HK$4.0 billion 3-year Government Bonds were allocated today. A total of HK$12.241 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 99.93, implying an annualised yield of 0.382 per cent.
HKSAR Government Institutional Bond Issuance Programme Government Bond tender results
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Tender results of 3-year Government Bonds under the Institutional Bond Issuance Programme:
| Tender Date |
: |
April 14, 2021 |
| Issue Number |
: |
03GB2404 |
| Stock Code |
: |
4245 (HKGB 0.36 2404) |
| Issue and Settlement Date |
: |
April 15, 2021 |
| Tenor |
: |
3-year |
| Maturity Date |
: |
April 15, 2024 |
| Coupon Rate |
: |
0.36 per cent |
| Amount Applied |
: |
HK$12.241 billion |
| Amount Allotted |
: |
HK$4.0 billion |
| Bid-to-Cover Ratio* |
: |
3.06 |
| Average Price Accepted (Yield) |
: |
99.93 (0.382 per cent) |
| Lowest Price Accepted (Yield) |
: |
99.85 (0.411 per cent) |
| Pro-rata Ratio | : |
About 92 per cent |
| Average Tender Price (Yield) |
: |
99.68 (0.467 per cent) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, April 14, 2021
Issued at HKT 14:45
Issued at HKT 14:45
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