The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces that a tender of 5-year Government Bonds through the re-opening of existing 10-year Government Bond issue 10GB2601 under the Institutional Bond Issuance Programme was held today (Wednesday).

A total of HK$2.5 billion 10-year Government Bonds were offered today. A total of HK$7.2 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.88. The average price accepted is 106.51, implying an annualised yield of 0.406%.

Hong Kong Monetary Authority
18 November 2020

HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS
                                                                                                            

Tender results of re-opening of 10-year Government Bonds under the Institutional Bond Issuance Programme:-

Tender Date

:

18 November 2020

Issue Number

:

10GB2601 (Re-open)

Stock Code

:

4230 (HKGB 1.68 2601)

Issue and Settlement Date

:

19 November 2020

Tenor

:

5-year

Maturity Date

:

21 January 2026

Coupon Rate

:

1.68%

 

 

 

Amount Applied

:

HK$7.2 billion

Amount Allotted

:

HK$2.5 billion

Bid-to-Cover Ratio*

:

2.88

Average Price Accepted (Yield)

:

106.51 (0.406%)

Lowest Price Accepted (Yield)

:

106.29 (0.448%)

Pro-rata Ratio

:

About 51%

Average Tender Price (Yield)

:

106.16 (0.474%)

* Calculated as the amount of bonds applied for over the amount of bonds issued.

 

Hong Kong Monetary Authority
18 November 2020



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