Tender results of the re-opening of 10-year Government Bonds under the 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 a tender of 5-year Government Bonds through the re-opening of existing 10-year Government Bond issue 10GB2408 under the Institutional Bond Issuance Programme was held today (May 15).

     A total of HK$2.5 billion 5-year Government Bonds were offered today. A total of HK$9.364 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.75. The average price accepted is 101.95, implying an annualised yield of 1.835%.

HKSAR Government Institutional Bond Issuance Programme Government Bond Tender Results
———————————————————————————————————-

Tender results of re-opening of 10-year Government Bonds under the Institutional Bond Issuance Programme:

Tender Date	:	May 15, 2019
Issue Number	:	10GB2408 (Re-open)
Stock Code	:	4221 (HKGB 2.22 2408)
Issue and Settlement Date	:	May 16, 2019
Tenor	:	5-year
Maturity Date	:	August 7, 2024
Coupon Rate	:	2.22%

Amount Applied	:	HK$9.364 billion
Amount Allotted	:	HK$2.5 billion
Bid-to-Cover Ratio*	:	3.75
Average Price Accepted (Yield)	:	101.95 (1.835%)
Lowest Price Accepted (Yield)	:	101.72 (1.882%)
Pro-rata Ratio	:	About 90%
Average Tender Price (Yield)	:	101.30 (1.966%)

* Calculated as the amount of bonds applied for over the amount of bonds issued.