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 that a tender of 15-year Government Bonds through the re-opening of existing 15-year Government Bond issue 15GB3007 under the Institutional Bond Issuance Programme was held today (September 7). 
      
     A total of HK$0.6 billion 15-year Government Bonds were offered today.  A total of HK$2.625 billion tender applications were received.  The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 4.38.  The average price accepted is 114.97, implying an annualised yield of 0.974%.  
      

HKSAR Government Institutional Bond Issuance Programme Government Bond tender results

Tender results of re-opening of 15-year Government Bonds under the Institutional Bond Issuance Programme:
 

Tender Date	:	September 7, 2016
Issue Number	:	15GB3007 (Re-open)
Stock Code	:	4227 (HKGB 2.13 3007)
Issue and Settlement Date	:	September 8, 2016
Tenor	:	15-year
Maturity Date	:	July 16, 2030
Coupon Rate	:	2.13%
Amount Applied	:	HK$2.625 billion
Amount Allotted	:	HK$0.6 billion
Bid-to-Cover Ratio*	:	4.38
Average Price Accepted (Yield)	:	114.97 (0.974%)
Lowest Price Accepted (Yield)	:	112.30 (1.169%)
Pro-rata Ratio	:	About 81%
Average Tender Price (Yield)	:	112.19 (1.178%)

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

Ends/Wednesday, September 7, 2016
Issued at HKT 12:25

NNNN