Tender results of the 15-year Government Bonds under the Institutional Bond Issuance Programme
The following is issued by the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces today (Wednesday) that tender for a 15-year Government Bond (issue number 15GB3007) under the Institutional Bond Issuance Programme was held today.
A total of HK$0.6 billion 15-year Government Bonds were offered today. A total of HK$1.654 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.76. The average price accepted is 98.19, implying an annualised yield of 2.286%.
Hong Kong Monetary Authority
15 July 2015
HKSAR GOVERNMENT INSTITUTIONAL BOND ISSUANCE PROGRAMME GOVERNMENT BOND TENDER RESULTS
Tender results of 15-year Government Bonds under the Institutional Bond Issuance Programme:-
Tender Date |
: |
15 July 2015 |
Issue Number |
: |
15GB3007 |
Stock Code |
: |
4227 (HKGB 2.13 3007) |
Issue and Settlement Date |
: |
16 July 2015 |
Tenor |
: |
15-year |
Maturity Date |
: |
16 July 2030 |
Coupon Rate |
: |
2.13% |
|
|
|
Amount Applied |
: |
HK$1.654 billion |
Amount Allotted |
: |
HK$0.6 billion |
Bid-to-Cover Ratio* |
: |
2.76 |
Average Price Accepted (Yield) |
: |
98.19 (2.286%) |
Lowest Price Accepted (Yield) |
: |
97.45 (2.346%) |
Pro-rata Ratio |
: |
About 10% |
Average Tender Price (Yield) |
: |
97.08 (2.376%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
15 July 2015