The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces today (June 26) 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$5.921 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.95. The average price accepted is 102.60, implying an annualised yield of 1.682%.
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 |
: | June 26, 2019 |
| Issue Number |
: | 10GB2901 |
| Stock Code |
: | 4236 (HKGB 1.97 2901) |
| Issue and Settlement Date |
: | June 27, 2019 |
| Tenor |
: | 10-year |
| Maturity Date |
: | January 17, 2029 |
| Coupon Rate |
: | 1.97% |
| Amount Applied |
: | HK$5.921 billion |
| Amount Allotted |
: | HK$1.5 billion |
| Bid-to-Cover Ratio* |
: | 3.95 |
| Average Price Accepted (Yield) |
: | 102.60 (1.682%) |
| Lowest Price Accepted (Yield) |
: | 102.30 (1.715%) |
| Pro-rata Ratio | : | About 20% |
| Average Tender Price (Yield) |
: | 101.87 (1.764%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
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