Tender results of the re-opening of 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), announced that a tender of 15-year Government Bonds through the re-opening of existing 15-year Government Bond issue 15GB3603 under the Institutional Bond Issuance Programme was held today (2 March).
A total of HK$0.8 billion 15-year Government Bonds were offered today. A total of HK$2.537 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.17. The average price accepted is 94.43, implying an annualised yield of 2.060%.
Hong Kong Monetary Authority
2 March 2022
HKSAR GOVERNMENT INSTITUTIONAL BOND ISSUANCE PROGRAMME GOVERNMENT BOND TENDER RESULTS
Tender results of the re-opening of 15-year Government Bonds under the Institutional Bond Issuance Programme:-
|
Tender Date |
: |
2 March 2022 |
|
Issue Number |
: |
15GB3603 (Re-open) |
|
Stock Code |
: |
4244 (HKGB 1.59 3603) |
|
Issue and Settlement Date |
: |
3 March 2022 |
|
Tenor |
: |
15-year |
|
Maturity Date |
: |
4 March 2036 |
|
Coupon Rate |
: |
1.59% |
|
Amount Applied |
: |
HK$2.537 billion |
|
Amount Allotted |
: |
HK$0.8 billion |
|
Bid-to-Cover Ratio* |
: |
3.17 |
|
Average Price Accepted (Yield) |
: |
94.43 (2.060%) |
|
Lowest Price Accepted (Yield) |
: |
93.60 (2.132%) |
|
Pro-rata Ratio |
: |
About 10% |
|
Average Tender Price (Yield) |
: |
93.15 (2.171%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
2 March 2022