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 03GB2404) 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$12.241 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.06. The average price accepted is 99.93, implying an annualised yield of 0.382%.
Hong Kong Monetary Authority
14 April 2021
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 |
: |
14 April 2021 |
|---|---|---|
|
Issue Number |
: |
03GB2404 |
|
Stock Code |
: |
4245 (HKGB 0.36 2404) |
|
Issue and Settlement Date |
: |
15 April 2021 |
|
Tenor |
: |
3-year |
|
Maturity Date |
: |
15 April 2024 |
|
Coupon Rate |
: |
0.36% |
|
|
|
|
|
Amount Applied |
: |
HK$12.241 billion |
|
Amount Allotted |
: |
HK$4.0 billion |
|
Bid-to-Cover Ratio* |
: |
3.06 |
|
Average Price Accepted (Yield) |
: |
99.93 (0.382%) |
|
Lowest Price Accepted (Yield) |
: |
99.85 (0.411%) |
|
Pro-rata Ratio |
: |
About 92% |
|
Average Tender Price (Yield) |
: |
99.68 (0.467%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
14 April 2021
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