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 3-year Government Bonds through the re-opening of existing 10-Year Government Bond issue 10GB2108 under the Institutional Bond Issuance Programme was held today (Wednesday).

A total of HK$4.0 billion 3-year Government Bonds were offered today. A total of HK$7.100 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 1.78. The average price accepted is 101.15, implying an annualised yield of 2.108%.

Hong Kong Monetary Authority
18 April 2018


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 April 2018

Issue Number

:

10GB2108 (Re-open)

Stock Code

:

4209 (HKGB 2.46 2108)

Issue and Settlement Date

:

19 April 2018

Tenor

:

3-year

Maturity Date

:

4 August 2021

Coupon Rate

:

2.46%

 

 

 

Amount Applied

:

HK$7.100 billion

Amount Allotted

:

HK$4.0 billion

Bid-to-Cover Ratio*

:

1.78

Average Price Accepted (Yield)

:

101.15 (2.108 %)

Lowest Price Accepted (Yield)

:

100.50 (2.314 %)

Pro-rata Ratio

:

About 71 %

Average Tender Price (Yield)

:

100.67 (2.260 %)

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

Hong Kong Monetary Authority
18 April 2018