The following is issued on behalf of the Hong Kong Monetary Authority: 
 
     The Hong Kong Monetary Authority, as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced that a tender of one-year HONIA-indexed Floating Rate Notes (issue number 01GH2311) under the Institutional Bond Issuance Programme was held today (November 16).
      
     A total of HK$1.5 billion one-year HONIA-indexed Floating Rate Notes were allocated today. A total of HK$4.740 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of notes applied for to notes issued, is 3.16. The highest spread accepted is 0.40 per cent. 

HKSAR Government Institutional Bond Issuance Programme Government Bond tender results
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     Tender results of one-year HONIA-indexed Floating Rate Notes under the Institutional Bond Issuance Programme:
 

Tender Date	:	November 16, 2022
Issue Number	:	01GH2311
Stock Code	:	4257 (HKGB FRN 2311)
Issue and Settlement Date	:	November 17, 2022
Tenor	:	One-year
Maturity Date	:	November 17, 2023
Amount Applied	:	HK$4.740 billion
Amount Allotted	:	HK$1.5 billion
Bid-to-Cover Ratio*	:	3.16
Highest Spread Accepted	:	0.40 per cent
Average Spread Accepted	:	0.28 per cent
Pro-rata Ratio	:	About 18 per cent
Average Tender Spread	:	0.73 per cent

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

Ends/Wednesday, November 16, 2022
Issued at HKT 15:45

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