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 10GB2706 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$4.614 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.84. The average price accepted is 93.72, implying an annualised yield of 1.992%.

Hong Kong Monetary Authority
17 January 2018


HKSAR GOVERNMENT INSTITUTIONAL BOND ISSUANCE PROGRAMME GOVERNMENT BOND TENDER RESULTS

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

Tender Date

:

17 January 2018

Issue Number

:

10GB2706 (Re-open)

Stock Code

:

4235 (HKGB 1.25 2706)

Issue and Settlement Date

:

18 January 2018

Tenor

:

10-year

Maturity Date

:

29 June 2027

Coupon Rate

:

1.25%

 

 

 

Amount Applied

:

HK$4.614 billion

Amount Allotted

:

HK$1.2 billion

Bid-to-Cover Ratio*

:

3.84

Average Price Accepted (Yield)

:

93.72 (1.992%)

Lowest Price Accepted (Yield)

:

93.48 (2.022%)

Pro-rata Ratio

:

About 73%

Average Tender Price (Yield)

:

93.00 (2.080%)

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

Hong Kong Monetary Authority
17 January 2018