Tender results of re-opening of 10-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, 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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