Tender results of the 3-year Government Bonds under Institutional Bond Issuance Programme
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), announces that tender for a 3-year Government Bond (issue number 03GB2310) under the Institutional Bond Issuance Programme was held today (October 21).
A total of HK$4.0 billion 3-year Government Bonds were allocated today. A total of HK$13.695 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.42. The average price accepted is 100.73, implying an annualised yield of 0.267 per cent.
HKSAR Government Institutional Bond Issuance Programme Government Bond tender results
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Tender results of 3-year Government Bonds under the Institutional Bond Issuance Programme:
| Tender date |
: | October 21, 2020 |
| Issue number |
: | 03GB2310 |
| Stock code |
: | 4240 (HKGB 0.51 2310) |
| Issue and settlement date |
: | October 22, 2020 |
| Tenor |
: | 3-year |
| Maturity date |
: | October 23, 2023 |
| Coupon rate |
: | 0.51 per cent |
| Amount applied |
: | HK$13.695 billion |
| Amount allotted |
: | HK$4.0 billion |
| Bid-to-cover ratio* |
: | 3.42 |
| Average price accepted (yield) |
: | 100.73 (0.267 per cent) |
| Lowest price accepted (yield) |
: | 100.63 (0.299 per cent) |
| Pro-rata ratio |
: | About 77 per cent |
| Average tender price (yield) |
: | 100.52 (0.337 per cent) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.