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.