The following is issued on behalf of 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 switch tender of 3-year Government Bonds through the re-opening of existing 10-year Government Bond (issue number 10GB2601) under the Institutional Bond Issuance Programme was held today (October 19). 
      
     A total of HK$0.6 billion 3-year Government Bonds were offered today and the same nominal amount of another Government Bond issue number 15GB3603 was early redeemed. A total of HK$1.765 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 2.94. The average price accepted is 95.85, implying an annualised yield of 3.052 per cent. 

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	:	October 19, 2022
Issue Number	:	10GB2601 (Re-open)
Stock Code	:	4230 (HKGB 1.68 2601)
Issue and Settlement Date	:	October 20, 2022
Tenor	:	3-year
Maturity Date	:	January 21, 2026
Coupon Rate	:	1.68 per cent
Bond for Early Redemption	:	15GB3603 (Stock Code: 4244)
Amount Applied	:	HK$1.765 billion
Amount Allotted	:	HK$0.6 billion
Amount for Early Redemption	:	HK$0.6 billion
Bid-to-Cover Ratio*	:	2.94
Average Price Accepted (Yield)	:	95.85 (3.052 per cent)
Lowest Price Accepted (Yield)	:	95.40 (3.205 per cent)
Pro-rata Ratio	:	About 64 per cent
Average Tender Price (Yield)	:	94.64 (3.467 per cent)

 
* Ratio of the amount of bonds applied for over the amount of bonds issued.

Ends/Wednesday, October 19, 2022
Issued at HKT 15:32

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