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Tender results of re-opening of 10-year Government Bonds under Institutional Bond Issuance Programme
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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 5-year Government Bonds through the re-opening of existing 10-year Government Bond (issue number 10GB2706) under the Institutional Bond Issuance Programme was held today (March 1). 
      
     A total of HK$2.5 billion 5-year Government Bonds were offered today. A total of HK$15.071 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of the amount of bonds applied for over the amount of bonds issued, is 6.03. The average price accepted is 89.47, implying an annualised yield of 3.958 per cent. 

HKSAR Government Institutional Bond Issuance Programme Government Bond tender results
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     Tender results of the re-opening of 10-year Government Bonds under the Institutional Bond Issuance Programme:
 
Tender Date  : March 1, 2023
Issue Number  : 10GB2706 (Re-open)
Stock Code  : 4235 (HKGB 1.25 2706)
Issue and Settlement Date  : March 2, 2023
Tenor  : 5-year
Maturity Date  : June 29, 2027
Coupon Rate  : 1.25 per cent
     
Amount Applied  : HK$15.071 billion
Amount Allotted  : HK$2.5 billion
Bid-to-Cover Ratio*  : 6.03
Average Price Accepted (Yield)  : 89.47 (3.958 per cent)
Lowest Price Accepted (Yield)  : 89.33 (3.996 per cent)
Pro-rata Ratio : About 89 per cent 
Average Tender Price (Yield)  : 88.88 (4.121 per cent)

* Ratio of the amount of bonds applied for over the amount of bonds issued.
 
Ends/Wednesday, March 1, 2023
Issued at HKT 15:10
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