Tender results of the re-opening of 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 that a tender of 15-year Government Bonds through the re-opening of existing 15-year Government Bond issue 15GB3007 under the Institutional Bond Issuance Programme was held today (Wednesday).
A total of HK$0.6 billion 15-year Government Bonds were offered today. A total of HK$1.838 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.06. The average price accepted is 103.51, implying an annualised yield of 1.859%.
Hong Kong Monetary Authority
2 March 2016
HKSAR GOVERNMENT INSTITUTIONAL BOND ISSUANCE PROGRAMME GOVERNMENT BOND TENDER RESULTS
Tender results of re-opening of 15-year Government Bonds under the Institutional Bond Issuance Programme:-
Tender Date |
: |
2 March 2016 |
Issue Number |
: |
15GB3007 (Re-open) |
Stock Code |
: |
4227 (HKGB 2.13 3007) |
Issue and Settlement Date |
: |
3 March 2016 |
Tenor |
: |
15-year |
Maturity Date |
: |
16 July 2030 |
Coupon Rate |
: |
2.13% |
|
|
|
Amount Applied |
: |
HK$1.838 billion |
Amount Allotted |
: |
HK$0.6 billion |
Bid-to-Cover Ratio* |
: |
3.06 |
Average Price Accepted (Yield) |
: |
103.51 (1.859%) |
Lowest Price Accepted (Yield) |
: |
103.28 (1.877%) |
Pro-rata Ratio |
: |
About 88% |
Average Tender Price (Yield) |
: |
101.85 (1.991%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
2 March 2016