The following is issued on behalf of the Hong Kong Monetary Authority:

     The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces today (June 28) that tender for a 10-year Government Bond (issue number 10GB2706) under the Institutional Bond Issuance Programme was held today.

     A total of HK$1.2 billion 10-year Government Bonds were allocated today.  A total of HK$4.311 billion tender applications were received.  The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.59.  The average price accepted is 98.78, implying an annualised yield of 1.386 per cent.

HKSAR Government Institutional Bond Issuance Programme
Government Bond Tender Results
 
Tender results of 10-year Government Bonds under the Institutional Bond Issuance Programme:
 

Tender Date	:	June 28, 2017
Issue Number	:	10GB2706
Stock Code	:	4235 (HKGB 1.25 2706)
Issue and Settlement Date	:	June 29, 2017
Tenor	:	10-year
Maturity Date	:	June 29, 2027
Coupon Rate	:	1.25%
Amount Applied	:	HK$4.311 billion
Amount Allotted	:	HK$1.2 billion
Bid-to-Cover Ratio*	:	3.59
Average Price Accepted (Yield)	:	98.78 (1.386%)
Lowest Price Accepted (Yield)	:	98.50 (1.416%)
Pro-rata Ratio	:	About 40%
Average Tender Price (Yield)	:	97.36 (1.542%)

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

Ends/Wednesday, June 28, 2017
Issued at HKT 15:15

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