Tender results of re-opening of 15-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, as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced that a tender of 15-year Government Bonds through the re-opening of existing 15-year Government Bond issue 15GB3603 under the Institutional Bond Issuance Programme was held today (September 7). 

     A total of HK$1.0 billion 15-year Government Bonds were offered today. A total of HK$3.018 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.02. The average price accepted is 77.02, implying an annualised yield of 3.816 per cent. 

HKSAR Government Institutional Bond Issuance Programme Government Bond tender results
     Tender results of the re-opening of 15-year Government Bonds under the Institutional Bond Issuance Programme:
Tender Date  : September 7, 2022
Issue Number  : 15GB3603 (Re-open)
Stock Code  : 4244 (HKGB 1.59 3603)
Issue and Settlement Date  : September 8, 2022
Tenor  : 15-year
Maturity Date  : March 4, 2036
Coupon Rate  : 1.59%
Amount Applied  : HK$3.018 billion
Amount Allotted  : HK$1.0 billion
Bid-to-Cover Ratio*  : 3.02
Average Price Accepted (Yield)  : 77.02 (3.816%)
Lowest Price Accepted (Yield)  : 76.41 (3.885%)
Pro-rata Ratio : About 74% 
Average Tender Price (Yield)  : 75.96 (3.936%)

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

Ends/Wednesday, September 7, 2022
Issued at HKT 15:00