The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces today (Wednesday) that tender for a 3-year Government Bond (issue number 03GB2310) under the Institutional Bond Issuance Programme was held today.
A total of HK$4.0 billion 3-year Government Bonds were allocated today. A total of HK$13.695 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.42. The average price accepted is 100.73, implying an annualised yield of 0.267%.
Hong Kong Monetary Authority
21 October 2020
HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS
Tender results of 3-year Government Bonds under the Institutional Bond Issuance Programme:-
|
Tender Date |
: |
21 October 2020 |
|---|---|---|
|
Issue Number |
: |
03GB2310 |
|
Stock Code |
: |
4240 (HKGB 0.51 2310) |
|
Issue and Settlement Date |
: |
22 October 2020 |
|
Tenor |
: |
3-year |
|
Maturity Date |
: |
23 October 2023 |
|
Coupon Rate |
: |
0.51%
|
|
Amount Applied |
: |
HK$13.695 billion |
|
Amount Allotted |
: |
HK$4.0 billion |
|
Bid-to-Cover Ratio* |
: |
3.42 |
|
Average Price Accepted (Yield) |
: |
100.73 (0.267%) |
|
Lowest Price Accepted (Yield) |
: |
100.63 (0.299%) |
|
Pro-rata Ratio |
: |
About 77% |
|
Average Tender Price (Yield) |
: |
100.52 (0.337%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
21 October 2020
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