Tender results of the 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 for a 15-year Government Bond (issue number 15GB3403) under the Institutional Bond Issuance Programme was held today (Wednesday).
A total of HK$1.0 billion 15-year Government Bonds were allocated today. A total of HK$2.834 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.83. The average price accepted is 115.42, implying an annualised yield of 0.812%.
Hong Kong Monetary Authority
16 September 2020
HKSAR GOVERNMENT INSTITUTIONAL BOND ISSUANCE PROGRAMME GOVERNMENT BOND TENDER RESULTS
Tender results of 15-year Government Bonds under the Institutional Bond Issuance Programme:-
|
Tender Date |
: |
16 September 2020 |
|
Issue Number |
: |
15GB3403 |
|
Stock Code |
: |
4237 (HKGB 2.02 3403) |
|
Issue and Settlement Date |
: |
17 September 2020 |
|
Tenor |
: |
15-year |
|
Maturity Date |
: |
7 March 2034 |
|
Coupon Rate |
: |
2.02% |
|
Amount Applied |
: |
HK$2.834 billion |
|
Amount Allotted |
: |
HK$1.0 billion |
|
Bid-to-Cover Ratio* |
: |
2.83 |
|
Average Price Accepted (Yield) |
: |
115.42 (0.812%) |
|
Lowest Price Accepted (Yield) |
: |
114.55 (0.875%) |
|
Pro-rata Ratio |
: |
About 8% |
|
Average Tender Price (Yield) |
: |
113.66 (0.941%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
16 September 2020