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