Press release

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 tender of 15-year Government Bonds through the re-opening of existing 15-year Government Bond issue 15GB3203 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$2.039 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.40. The average price accepted is 104.34, implying an annualised yield of 1.561%.

Hong Kong Monetary Authority
6 September 2017


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

:

6 September 2017

Issue Number

:

15GB3203 (Re-open)

Stock Code

:

4232 (HKGB 1.89 3203)

Issue and Settlement Date

:

7 September 2017

Tenor

:

15-year

Maturity Date

:

2 March 2032

Coupon Rate

:

1.89%

 

 

 

Amount Applied

:

HK$2.039 billion

Amount Allotted

:

HK$0.6 billion

Bid-to-Cover Ratio*

:

3.40

Average Price Accepted (Yield)

:

104.34 (1.561%)

Lowest Price Accepted (Yield)

:

103.90 (1.594%)

Pro-rata Ratio

:

About 32%

Average Tender Price (Yield)

:

103.62 (1.616%)

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

Hong Kong Monetary Authority
6 September 2017