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:

     ‚ÄčThe Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced that a tender of 5-year Government Bonds through the re-opening of existing 10-year Government Bond issue 10GB2706 under the Institutional Bond Issuance Programme was held today (June 1). 
     A total of HK$2.5 billion 5-year Government Bonds were offered today. A total of HK$8.845 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.54. The average price accepted is 93.19, implying an annualised yield of 2.714 per cent. 
HKSAR Government Institutional Bond Issuance Programme Government Bond tender results
     Tender results of the re-opening of 10-year Government Bonds under the Institutional Bond Issuance Programme:
Tender Date  : June 1, 2022
Issue Number  : 10GB2706 (Re-open)
Stock Code  : 4235 (HKGB 1.25 2706)
Issue and Settlement Date  : June 2, 2022
Tenor  : 5-year
Maturity Date  : June 29, 2027
Coupon Rate  : 1.25%
Amount Applied  : HK$8.845 billion
Amount Allotted  : HK$2.5 billion
Bid-to-Cover Ratio*  : 3.54
Average Price Accepted (Yield)  : 93.19 (2.714%)
Lowest Price Accepted (Yield)  : 93.01 (2.753%)
Pro-rata Ratio : About 69% 
Average Tender Price (Yield)  : 92.60 (2.845%)
* Calculated as the amount of bonds applied for over the amount of bonds issued.

Ends/Wednesday, June 1, 2022
Issued at HKT 15:15