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 a tender of 10-year Government Bonds through the re-opening of existing 10-year Government Bond issue 10GB2706 under the Institutional Bond Issuance Programme was held today (July 11).
A total of HK$1.2 billion 10-year Government Bonds were offered today. A total of HK$4.952 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 4.13. The average price accepted is 90.95, implying an annualised yield of 2.391%.
HKSAR Government Institutional Bond Issuance Programme Government Bond Tender Results
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Tender results of the re-opening of 10-year Government Bonds under the Institutional Bond Issuance Programme:
| Tender Date |
: | July 11, 2018 |
| Issue Number |
: | 10GB2706 (Re-open) |
| Stock Code |
: | 4235 (HKGB 1.25 2706) |
| Issue and Settlement Date |
: | July 12, 2018 |
| Tenor |
: | 10-year |
| Maturity Date |
: | June 29, 2027 |
| Coupon Rate |
: | 1.25% |
| Amount Applied |
: | HK$4.952 billion |
| Amount Allotted |
: | HK$1.2 billion |
| Bid-to-Cover Ratio* |
: | 4.13 |
| Average Price Accepted (Yield) |
: | 90.95 (2.391%) |
| Lowest Price Accepted (Yield) |
: | 90.40 (2.464%) |
| Pro-rata Ratio | : | About 4% |
| Average Tender Price (Yield) |
: | 89.82 (2.542%) |
*Calculated as the amount of bonds applied for over the amount of bonds issued.
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