Tender results of the re-opening of 10-year Government Bonds under the Institutional Bond Issuance Programme
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The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced that a tender of 5-year Government Bonds through the re-opening of existing 10-year Government Bond issue 10GB2706 under the Institutional Bond Issuance Programme was held today (December 1).
A total of HK$2.5 billion 5-year Government Bonds were offered today. A total of HK$7.695 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.08. The average price accepted is 99.59, implying an annualised yield of 1.331 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 | : | December 1, 2021 |
| Issue Number | : | 10GB2706 (Re-open) |
| Stock Code | : | 4235 (HKGB 1.25 2706) |
| Issue and Settlement Date | : | December 2, 2021 |
| Tenor | : | 5-year |
| Maturity Date | : | June 29, 2027 |
| Coupon Rate | : | 1.25% |
| Amount Applied | : | HK$7.695 billion |
| Amount Allotted | : | HK$2.5 billion |
| Bid-to-Cover Ratio* | : | 3.08 |
| Average Price Accepted (Yield) | : | 99.59 (1.331%) |
| Lowest Price Accepted (Yield) | : | 99.29 (1.388%) |
| Pro-rata Ratio | : | About 5% |
| Average Tender Price (Yield) | : | 98.84 (1.474%) |
*Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, December 1, 2021
Issued at HKT 15:27
Issued at HKT 15:27
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