The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority, as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces that a tender of 5-year Government Bonds through the re-opening of existing 10-year Government Bond issue 10GB2601 under the Institutional Bond Issuance Programme was held today (May 13).
A total of HK$2.5 billion 10-year Government Bonds were offered today. A total of HK$7.655 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.06. The average price accepted is 106.72, implying an annualised yield of 0.482%.
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 |
: | May 13, 2020 |
| Issue Number |
: | 10GB2601 (Re-open) |
| Stock Code |
: | 4230 (HKGB 1.68 2601) |
| Issue and Settlement Date |
: | May 14, 2020 |
| Tenor |
: | 5-year |
| Maturity Date |
: | January 21, 2026 |
| Coupon Rate |
: | 1.68% |
| Amount Applied |
: | HK$7.655 billion |
| Amount Allotted |
: | HK$2.5 billion |
| Bid-to-Cover Ratio* |
: | 3.06 |
| Average Price Accepted (Yield) |
: | 106.72 (0.482%) |
| Lowest Price Accepted (Yield) |
: | 106.45 (0.528%) |
| Pro-rata Ratio | : | About 7% |
| Average Tender Price (Yield) |
: | 106.24 (0.565%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
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