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$2.561 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 4.27. The average price accepted is 96.33, implying an annualised yield of 2.209%.
Hong Kong Monetary Authority
7 March 2018
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 |
: |
7 March 2018 |
Issue Number |
: |
15GB3203 (Re-open) |
Stock Code |
: |
4232 (HKGB 1.89 3203) |
Issue and Settlement Date |
: |
8 March 2018 |
Tenor |
: |
15-year |
Maturity Date |
: |
2 March 2032 |
Coupon Rate |
: |
1.89% |
|
|
|
Amount Applied |
: |
HK$2.561 billion |
Amount Allotted |
: |
HK$0.6 billion |
Bid-to-Cover Ratio* |
: |
4.27 |
Average Price Accepted (Yield) |
: |
96.33 (2.209%) |
Lowest Price Accepted (Yield) |
: |
96.11 (2.227%) |
Pro-rata Ratio |
: |
About 8% |
Average Tender Price (Yield) |
: |
95.69 (2.263%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
7 March 2018