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, as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced that a tender of 3-year Government Bonds through the re-opening of existing 10-year Government Bond (issue number 10GB2601) under the Institutional Bond Issuance Programme was held today (25 October).
A total of HK$5.5 billion 3-year Government Bonds were offered today. A total of HK$18.678 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of the amount of bonds applied for over the amount of bonds issued, is 3.40. The average price accepted is 94.47, implying an annualised yield of 4.346%.
Hong Kong Monetary Authority
25 October 2023
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 |
: |
25 October 2023 |
|
Issue Number |
: |
10GB2601 (Re-open) |
|
Stock Code |
: |
4230 (HKGB 1.68 2601) |
|
Issue and Settlement Date |
: |
26 October 2023 |
|
Tenor |
: |
3-year |
|
Maturity Date |
: |
21 January 2026 |
|
Coupon Rate |
: |
1.68% |
|
Amount Applied |
: |
HK$18.678 billion |
|
Amount Allotted |
: |
HK$5.5 billion |
|
Bid-to-Cover Ratio* |
: |
3.40 |
|
Average Price Accepted (Yield) |
: |
94.47 (4.346%) |
|
Lowest Price Accepted (Yield) |
: |
94.35 (4.408%) |
|
Pro-rata Ratio |
: |
About 5% |
|
Average Tender Price (Yield) |
: |
94.24 (4.464%) |
* Ratio of the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
25 October 2023