Press release

Tender results of the re-opening of 10-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 10-year Government Bonds through the re-opening of existing 10-year Government Bond issue 10GB2601 under the Institutional Bond Issuance Programme was held today (Wednesday).

A total of HK$1.2 billion 10-year Government Bonds were offered today. A total of HK$5.0 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 4.17. The average price accepted is 99.30, implying an annualised yield of 1.773%.

Hong Kong Monetary Authority
18 January 2017


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

:

18 January 2017

Issue Number

:

10GB2601 (Re-open)

Stock Code

:

4230 (HKGB 1.68 2601)

Issue and Settlement Date

:

19 January 2017

Tenor

:

10-year

Maturity Date

:

21 January 2026

Coupon Rate

:

1.68%

 

 

 

Amount Applied

:

HK$5.0 billion

Amount Allotted

:

HK$1.2 billion

Bid-to-Cover Ratio*

:

4.17

Average Price Accepted (Yield)

:

99.30 (1.773%)

Lowest Price Accepted (Yield)

:

99.15 (1.791%)

Pro-rata Ratio

:

About 20%

Average Tender Price (Yield)

:

98.67 (1.849%)

* Calculated as the amount of bonds applied for over the amount of bonds issued.

Hong Kong Monetary Authority
18 January 2017