Tender results of the 1-year HONIA-indexed Floating Rate Notes 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 1-year HONIA-indexed Floating Rate Notes (issue number 01GH2505) under the Institutional Bond Issuance Programme was held today (14 May).
A total of HK$1.5 billion 1-year HONIA-indexed Floating Rate Notes were allocated today. A total of HK$4.750 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of notes applied for to notes issued, is 3.17. The highest spread accepted is 0.26%.
Hong Kong Monetary Authority
14 May 2024
HKSAR GOVERNMENT INSTITUTIONAL BOND ISSUANCE PROGRAMME GOVERNMENT BOND TENDER RESULTS
Tender results of 1-year HONIA-indexed Floating Rate Notes under the Institutional Bond Issuance Programme:
|
Tender Date |
: |
14 May 2024 |
|
Issue Number |
: |
01GH2505 |
|
Stock Code |
: |
4279 (HKGB FRN 2505) |
|
Issue and Settlement Date |
: |
16 May 2024 |
|
Tenor |
: |
1-year |
|
Maturity Date |
: |
16 May 2025 |
|
Amount Applied |
: |
HK$4.750 billion |
|
Amount Allotted |
: |
HK$1.5 billion |
|
Bid-to-Cover Ratio* |
: |
3.17 |
|
Highest Spread Accepted |
: |
0.26% |
|
Average Spread Accepted |
: |
0.21% |
|
Pro-rata Ratio |
: |
About 42% |
|
Average Tender Spread |
: |
0.37% |
* Calculated as the amount of notes applied for over the amount of notes issued.
Hong Kong Monetary Authority
14 May 2024