Tender results of re-opening of 10-year Government Bonds under Institutional Bond Issuance Programme
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The Hong Kong Monetary Authority, as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced that a tender of 3-year Government Bonds through the re-opening of existing 10-year Government Bond (issue number 10GB2601) under the Institutional Bond Issuance Programme was held today (April 26).
A total of HK$5.0 billion 3-year Government Bonds were offered today. A total of HK$18.675 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 3.74. The average price accepted is 96.14, implying an annualised yield of 3.189 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 | : | April 26, 2023 |
| Issue Number | : | 10GB2601 (Re-open) |
| Stock Code | : | 4230 (HKGB 1.68 2601) |
| Issue and Settlement Date | : | April 27, 2023 |
| Tenor | : | 3-year |
| Maturity Date | : | January 21, 2026 |
| Coupon Rate | : | 1.68 per cent |
| Amount Applied | : | HK$18.675 billion |
| Amount Allotted | : | HK$5.0 billion |
| Bid-to-Cover Ratio* | : | 3.74 |
| Average Price Accepted (Yield) | : | 96.14 (3.189 per cent) |
| Lowest Price Accepted (Yield) | : | 96.06 (3.220 per cent) |
| Pro-rata Ratio | : | About 29 per cent |
| Average Tender Price (Yield) | : | 95.76 (3.342 per cent) |
* Ratio of the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, April 26, 2023
Issued at HKT 14:30
Issued at HKT 14:30
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