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 5-year Government Bonds through the re-opening of existing 10-year Government Bond issue 10GB2301 under the Institutional Bond Issuance Programme was held today (Wednesday).
A total of HK$2.5 billion 5-year Government Bonds were offered today. A total of HK$10.298 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 4.12. The average price accepted is 94.70, implying an annualised yield of 2.472%.
Hong Kong Monetary Authority
28 November 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 |
: |
28 November 2018 |
Issue Number |
: |
10GB2301 (Re-open) |
Stock Code |
: |
4215 (HKGB 1.10 2301) |
Issue and Settlement Date |
: |
29 November 2018 |
Tenor |
: |
5-year |
Maturity Date |
: |
17 January 2023 |
Coupon Rate |
: |
1.10% |
|
|
|
Amount Applied |
: |
HK$10.298 billion |
Amount Allotted |
: |
HK$2.5 billion |
Bid-to-Cover Ratio* |
: |
4.12 |
Average Price Accepted (Yield) |
: |
94.70 (2.472%) |
Lowest Price Accepted (Yield) |
: |
94.47 (2.534%) |
Pro-rata Ratio |
: |
About 3% |
Average Tender Price (Yield) |
: |
94.22 (2.600%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
28 November2018