Press release

Tender results of the 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 today (Wednesday) that tender for a 10-year Government Bond (issue number 10GB2706) under the Institutional Bond Issuance Programme was held today.

A total of HK$1.2 billion 10-year Government Bonds were allocated today. A total of HK$4.311 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.59. The average price accepted is 98.78, implying an annualised yield of 1.386%.

Hong Kong Monetary Authority
28 June 2017


HKSAR GOVERNMENT INSTITUTIONAL BOND ISSUANCE PROGRAMME GOVERNMENT BOND TENDER RESULTS

Tender results of 10-year Government Bonds under the Institutional Bond Issuance Programme:-

Tender Date

:

28 June 2017

Issue Number

:

10GB2706

Stock Code

:

4235 (HKGB 1.25 2706)

Issue and Settlement Date

:

29 June 2017

Tenor

:

10-year

Maturity Date

:

29 June 2027

Coupon Rate

:

1.25%

 

 

 

Amount Applied

:

HK$4.311 billion

Amount Allotted

:

HK$1.2 billion

Bid-to-Cover Ratio*

:

3.59

Average Price Accepted (Yield)

:

98.78 (1.386%)

Lowest Price Accepted (Yield)

:

98.50 (1.416%)

Pro-rata Ratio

:

About 40%

Average Tender Price (Yield)

:

97.36 (1.542%)

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

Hong Kong Monetary Authority
28 June 2017