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 (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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