Tender results of one-year HONIA-indexed Floating Rate Notes under Institutional Bond Issuance Programme
******************************************************************************************
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 01GH2505) under the Institutional Bond Issuance Programme was held today (May 14).
A total of HK$1.5 billion one-year HONIA-indexed Floating Rate Notes were allocated today. A total of HK$4.750 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of notes applied for to notes issued, is 3.17. The highest spread accepted is 0.26 per cent.
HKSAR Government Institutional Bond Issuance Programme Government Bond tender results
--------------------------------------------------------------------------------------------------------
Tender results of one-year HONIA-indexed Floating Rate Notes under the Institutional Bond Issuance Programme:
| Tender Date | : | May 14, 2024 |
| Issue Number | : | 01GH2505 |
| Stock Code | : | 4279 (HKGB FRN 2505) |
| Issue and Settlement Date | : | May 16, 2024 |
| Tenor | : | One-year |
| Maturity Date | : | May 16, 2025 |
| Amount Applied | : | HK$4.750 billion |
| Amount Allotted | : | HK$1.5 billion |
| Bid-to-Cover Ratio* | : | 3.17 |
| Highest Spread Accepted | : | 0.26 per cent |
| Average Spread Accepted | : | 0.21 per cent |
| Pro-rata Ratio | : | About 42 per cent |
| Average Tender Spread | : | 0.37 per cent |
* Calculated as the amount of notes applied for over the amount of notes issued.
Ends/Tuesday, May 14, 2024
Issued at HKT 15:00
Issued at HKT 15:00
NNNN