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 tender for a 5-year Government Bond (issue number 05GB2205) under the Institutional Bond Issuance Programme was held today (May 17).

     A total of HK$2.5 billion 5-year Government Bonds were offered today.  A total of HK$6.430 billion tender applications were received.  The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.57.  The average price accepted is 99.84, implying an annualised yield of 1.197%. 

HKSAR Government Institutional Bond Issuance Programme Government Bond Tender Result
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Tender results of 5-year Government Bonds under the Institutional Bond Issuance Programme:
 

Tender Date	:	May 17, 2017
Issue Number	:	05GB2205
Stock Code	:	4234 (HKGB 1.16 2205)
Issue and Settlement Date	:	May 18, 2017
Tenor	:	5-year
Maturity Date	:	May 18, 2022
Coupon Rate	:	1.16%
Amount Applied	:	HK$6.430 billion
Amount Allotted	:	HK$2.5 billion
Bid-to-Cover Ratio*	:	2.57
Average Price Accepted (Yield)	:	99.84 (1.197%)
Lowest Price Accepted (Yield)	:	99.56 (1.255%)
Pro-rata Ratio	:	About 2%
Average Tender Price (Yield)	:	99.20 (1.330%)

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

Ends/Wednesday, May 17, 2017
Issued at HKT 15:25

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