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 5-year Government Bonds through the re-opening of existing 10-year Government Bond (issue number 10GB2706) under the Institutional Bond Issuance Programme was held today (1 March).
A total of HK$2.5 billion 5-year Government Bonds were offered today. A total of HK$15.071 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 6.03. The average price accepted is 89.47, implying an annualised yield of 3.958%.
Hong Kong Monetary Authority
1 March 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 |
: |
1 March 2023 |
|
Issue Number |
: |
10GB2706 (Re-open) |
|
Stock Code |
: |
4235 (HKGB 1.25 2706) |
|
Issue and Settlement Date |
: |
2 March 2023 |
|
Tenor |
: |
5-year |
|
Maturity Date |
: |
29 June 2027 |
|
Coupon Rate |
: |
1.25% |
|
Amount Applied |
: |
HK$15.071 billion |
|
Amount Allotted |
: |
HK$2.5 billion |
|
Bid-to-Cover Ratio* |
: |
6.03 |
|
Average Price Accepted (Yield) |
: |
89.47 (3.958%) |
|
Lowest Price Accepted (Yield) |
: |
89.33 (3.996%) |
|
Pro-rata Ratio |
: |
About 89% |
|
Average Tender Price (Yield) |
: |
88.88 (4.121%) |
* Ratio of the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
1 March 2023