Tender results of the re-opening of 10-year Government Bonds under the Institutional Bond Issuance Programme
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The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces that a tender of 10-year Government Bonds through the re-opening of existing 10-year Government Bond issue 10GB2706 under the Institutional Bond Issuance Programme was held today (January 17).
A total of HK$1.2 billion 10-year Government Bonds were offered today. A total of HK$4.614 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.84. The average price accepted is 93.72, implying an annualised yield of 1.992%.
HKSAR Government Institutional Bond Issuance Programme Government Bond Tender Results
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Tender results of the re-opening of 10-year Government Bonds under the Institutional Bond Issuance Programme:
| Tender Date |
: |
January 17, 2018 |
| Issue Number |
: |
10GB2706 (Re-open) |
| Stock Code |
: |
4235 (HKGB 1.25 2706) |
| Issue and Settlement Date |
: |
January 18, 2018 |
| Tenor |
: |
10-year |
| Maturity Date |
: |
June 29, 2027 |
| Coupon Rate |
: |
1.25% |
| Amount Applied |
: |
HK$4.614 billion |
| Amount Allotted |
: |
HK$1.2 billion |
| Bid-to-Cover Ratio* |
: |
3.84 |
| Average Price Accepted (Yield) |
: |
93.72 (1.992%) |
| Lowest Price Accepted (Yield) |
: |
93.48 (2.022%) |
| Pro-rata Ratio |
: |
About 73% |
| Average Tender Price (Yield) |
: |
93.00 (2.080%) |
*Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, January 17, 2018
Issued at HKT 15:15
Issued at HKT 15:15
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