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, announces that a tender of 3-year Government Bonds through the re-opening of existing 10-Year Government Bond issue 10GB2108 under the Institutional Bond Issuance Programme was held today (October 10).
A total of HK$4 billion 3-year Government Bonds were offered today. A total of HK$9.525 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.38. The average price accepted is 99.69, implying an annualised yield of 2.592%.
Tender results of re-opening of 10-Year Government Bonds under the Institutional Bond Issuance Programme:
| Tender Date |
: | October 10, 2018 |
| Issue Number |
: | 10GB2108 (Re-open) |
| Stock Code |
: | 4209 (HKGB 2.46 2108) |
| Issue and Settlement Date |
: | October 11, 2018 |
| Tenor |
: | 3-year |
| Maturity Date |
: | August 4, 2021 |
| Coupon Rate |
: | 2.46% |
| Amount Applied |
: | HK$9.525 billion |
| Amount Allotted |
: | HK$4 billion |
| Bid-to-Cover Ratio* |
: | 2.38 |
| Average Price Accepted (Yield) |
: | 99.69 (2.592%) |
| Lowest Price Accepted (Yield) |
: | 99.49 (2.666%) |
| Pro-rata Ratio |
: | About 18% |
| Average Tender Price (Yield) |
: | 99.37 (2.711 %) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
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