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 (November 13).
A total of HK$2.5 billion 5-year Government Bonds were offered today. A total of HK$10.013 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 4.01. The average price accepted is 102.42, implying an annualised yield of 1.693%.
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 |
: | November 13, 2019 |
| Issue Number |
: | 10GB2408 (Re-open) |
| Stock Code |
: | 4221 (HKGB 2.22 2408) |
| Issue and Settlement Date |
: | November 14, 2019 |
| Tenor |
: | 5-year |
| Maturity Date |
: | August 7, 2024 |
| Coupon Rate |
: | 2.22% |
| Amount Applied |
: | HK$10.013 billion |
| Amount Allotted |
: | HK$2.5 billion |
| Bid-to-Cover Ratio* |
: | 4.01 |
| Average Price Accepted (Yield) |
: | 102.42 (1.693%) |
| Lowest Price Accepted (Yield) |
: | 102.20 (1.741%) |
| Pro-rata Ratio | : | About 40% |
| Average Tender Price (Yield) |
: | 101.74 (1.842%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.