Tender results of the 10-year Government Bonds under the 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), announces today (January 16) that tender for a 10-year Government Bond (issue number 10GB2901) under the Institutional Bond Issuance Programme was held today.
 
     A total of HK$1.5 billion 10-year Government Bonds were allocated today. A total of HK$7.824 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 5.22. The average price accepted is 98.57, implying an annualised yield of 2.141%. 
 
HKSAR Government Institutional Bond Issuance Programme Government Bond tender results
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     Tender results of 10-year Government Bonds under the Institutional Bond Issuance Programme:
 

Tender Date
 
: January 16, 2019
Issue Number
 
: 10GB2901
Stock Code
 
: 4236 (HKGB 1.97 2901)
Issue and Settlement Date
 
: January 17, 2019
Tenor
 
: 10-year
Maturity Date
 
: January 17, 2029
Coupon Rate
 
: 1.97%
     
Amount Applied
 
: HK$7.824 billion
Amount Allotted
 
: HK$1.5 billion
Bid-to-Cover Ratio*
 
: 5.22
Average Price Accepted (Yield)
 
: 98.57 (2.141%)
Lowest Price Accepted (Yield)
 
: 98.22 (2.181%)
Pro-rata Ratio : About 23%
 
Average Tender Price
(Yield)
: 97.07 (2.313%)

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

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