Tender results of re-opening of 20-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 20-year Government Bonds through the re-opening of existing 20-year Government Bond (issue number 20GB4205) under the Institutional Bond Issuance Programme was held today (September 13).
A total of HK$0.5 billion 20-year Government Bonds were offered today. A total of HK$1.275 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 2.55. The average price accepted is 83.45, implying an annualised yield of 4.686 per cent.
HKSAR Government Institutional Bond Issuance Programme Government Bond tender results
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Tender results of the re-opening of 20-year Government Bonds under the Institutional Bond Issuance Programme:
| Tender Date | : | September 13, 2023 |
| Issue Number | : | 20GB4205 (Re-open) |
| Stock Code | : | 4255 (HKGB 3.30 4205) |
| Issue and Settlement Date | : | September 14, 2023 |
| Tenor | : | 20-year |
| Maturity Date | : | May 26, 2042 |
| Coupon Rate | : | 3.30 per cent |
| Amount Applied | : | HK$1.275 billion |
| Amount Allotted | : | HK$0.5 billion |
| Bid-to-Cover Ratio* | : | 2.55 |
| Average Price Accepted (Yield) | : | 83.45 (4.686 per cent) |
| Lowest Price Accepted (Yield) | : | 82.72 (4.754 per cent) |
| Pro-rata Ratio | : | About 43 per cent |
| Average Tender Price (Yield) | : | 82.31 (4.793 per cent) |
*Ratio of the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, September 13, 2023
Issued at HKT 15:00
Issued at HKT 15:00
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