Press release

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$0.8 billion 15-year Government Bonds were allocated today. A total of HK$3.121 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.90. The average price accepted is 106.30, implying an annualised yield of 1.539%.

Hong Kong Monetary Authority
11 September 2019


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

:

11 September 2019

Issue Number

:

15GB3403

Stock Code

:

4237 (HKGB 2.02 3403)

Issue and Settlement Date

:

12 September 2019

Tenor

:

15-year

Maturity Date

:

7 March 2034

Coupon Rate

:

2.02%

 

 

 

Amount Applied

:

HK$3.121 billion

Amount Allotted

:

HK$0.8 billion

Bid-to-Cover Ratio*

:

3.90

Average Price Accepted (Yield)

:

106.30 (1.539%)

Lowest Price Accepted (Yield)

:

105.78 (1.579%)

Pro-rata Ratio

:

About 26%

Average Tender Price (Yield)

:

105.09 (1.631%)

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

Hong Kong Monetary Authority
11 September 2019