Tender results of 15-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 (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces today (March 6) that tender for a 15-year Government Bond (issue number 15GB3403) under the Institutional Bond Issuance Programme was held today.
 
     A total of HK$0.6 billion 15-year Government Bonds were offered today.  A total of HK$3.136 billion tender applications were received.  The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 5.23.  The average price accepted is 98.88, implying an annualised yield of 2.118%. 
 
HKSAR Government Institutional Bond Issuance Programme Government Bond tender results
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     Tender results of 15-year Government Bonds under the Institutional Bond Issuance Programme:
 

Tender Date
 
: March 6, 2019
Issue Number
 
: 15GB3403
Stock Code
 
: 4237 (HKGB 2.02 3403)
Issue and Settlement Date
 
: March 7, 2019
Tenor
 
: 15-year
Maturity Date
 
: March 7, 2034
Coupon Rate
 
: 2.02%
     
Amount Applied
 
: HK$3.136 billion
Amount Allotted
 
: HK$0.6 billion
Bid-to-Cover Ratio*
 
: 5.23
Average Price Accepted (Yield)
 
: 98.88 (2.118%)
Lowest Price Accepted (Yield)
 
: 98.73 (2.131%)
Pro-rata Ratio : About 60%
 
Average Tender Price (Yield)
 
: 94.38 (2.486%)

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

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