Press release

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