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 5-year Government Bonds through the re-opening of existing 10-year Government Bond issue 10GB2408 under the Institutional Bond Issuance Programme was held today (November 13). 
      
     A total of HK$2.5 billion 5-year Government Bonds were offered today.  A total of HK$10.013 billion tender applications were received.  The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 4.01.  The average price accepted is 102.42, implying an annualised yield of 1.693%. 

HKSAR Government Institutional Bond Issuance Programme Government Bond Tender Results
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Tender results of re-opening of 10-year Government Bonds under the Institutional Bond Issuance Programme:
 

Tender Date	:	November 13, 2019
Issue Number	:	10GB2408 (Re-open)
Stock Code	:	4221 (HKGB 2.22 2408)
Issue and Settlement Date	:	November 14, 2019
Tenor	:	5-year
Maturity Date	:	August 7, 2024
Coupon Rate	:	2.22%
Amount Applied	:	HK$10.013 billion
Amount Allotted	:	HK$2.5 billion
Bid-to-Cover Ratio*	:	4.01
Average Price Accepted (Yield)	:	102.42 (1.693%)
Lowest Price Accepted (Yield)	:	102.20 (1.741%)
Pro-rata Ratio	:	About 40%
Average Tender Price (Yield)	:	101.74 (1.842%)

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

Ends/Wednesday, November 13, 2019
Issued at HKT 16:47

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