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$4.952 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 4.13. The average price accepted is 90.95, implying an annualised yield of 2.391%.
Hong Kong Monetary Authority
11 July 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 |
: |
11 July 2018 |
Issue Number |
: |
10GB2706 (Re-open) |
Stock Code |
: |
4235 (HKGB 1.25 2706) |
Issue and Settlement Date |
: |
12 July 2018 |
Tenor |
: |
10-year |
Maturity Date |
: |
29 June 2027 |
Coupon Rate |
: |
1.25% |
|
|
|
Amount Applied |
: |
HK$4.952 billion |
Amount Allotted |
: |
HK$1.2 billion |
Bid-to-Cover Ratio* |
: |
4.13 |
Average Price Accepted (Yield) |
: |
90.95 (2.391%) |
Lowest Price Accepted (Yield) |
: |
90.40 (2.464%) |
Pro-rata Ratio |
: |
About 4% |
Average Tender Price (Yield) |
: |
89.82 (2.542%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
11 July 2018