Tender results of re-opening of 10-year Government Bonds under Institutional Bond Issuance Programme
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The Hong Kong Monetary Authority, as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced that a switch tender of 3-year Government Bonds through the re-opening of existing 10-year Government Bond (issue number 10GB2601) under the Institutional Bond Issuance Programme was held today (November 23).
A total of HK$1.4 billion 3-year Government Bonds were offered today and the same nominal amount of another Government Bond issue number 15GB3203 was early redeemed. A total of HK$3.182 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of the amount of bonds applied for over the amount of bonds issued, is 2.27. The average price accepted is 91.40, implying an annualised yield of 4.697 per cent.
HKSAR Government Institutional Bond Issuance Programme Government Bond tender results
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Tender results of the re-opening of 10-year Government Bonds under the Institutional Bond Issuance Programme:
| Tender date | : | November 23, 2022 |
| Issue number | : | 10GB2601 (Re-open) |
| Stock code | : | 4230 (HKGB 1.68 2601) |
| Issue and settlement date | : | November 24, 2022 |
| Tenor | : | 3-year |
| Maturity date | : | January 21, 2026 |
| Coupon rate | : | 1.68 per cent |
| Bond for early redemption | : | 15GB3203 (Stock Code: 4232) |
| Amount applied | : | HK$3.182 billion |
| Amount allotted | : | HK$1.4 billion |
| Amount for early redemption | : | HK$1.4 billion |
| Bid-to-Cover ratio* | : | 2.27 |
| Average price accepted (yield) | : | 91.40 (4.697 per cent) |
| Lowest price accepted (yield) | : | 90.78 (4.927 per cent) |
| Pro-rata ratio | : | About 15 per cent |
| Average tender price (yield) | : | 90.75 (4.938 per cent) |
* Ratio of the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, November 23, 2022
Issued at HKT 15:25
Issued at HKT 15:25
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