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), announced that a tender of 5-year Government Bonds through the re-opening of existing 10-year Government Bond issue 10GB2301 under the Institutional Bond Issuance Programme was held today (November 28).
A total of HK$2.5 billion 5-year Government Bonds were offered today. A total of HK$10.298 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 4.12. The average price accepted is 94.70, implying an annualised yield of 2.472%.
HKSAR Government Institutional Bond Issuance Programme Government Bond tender results
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Tender results of re-opening of 10-year Government Bonds under the Institutional Bond Issuance Programme:
| Tender Date |
: | November 28, 2018 |
| Issue Number |
: | 10GB2301 (Re-open) |
| Stock Code |
: | 4215 (HKGB 1.10 2301) |
| Issue and Settlement Date |
: | November 29, 2018 |
| Tenor |
: | 5-year |
| Maturity Date |
: | January 17, 2023 |
| Coupon Rate |
: | 1.10% |
| Amount Applied |
: | HK$10.298 billion |
| Amount Allotted |
: | HK$2.5 billion |
| Bid-to-Cover Ratio* |
: | 4.12 |
| Average Price Accepted (Yield) |
: | 94.70 (2.472%) |
| Lowest Price Accepted (Yield) |
: | 94.47 (2.534%) |
| Pro-rata Ratio | : | About 3% |
| Average Tender Price (Yield) |
: | 94.22 (2.600%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
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