Tender results of re-opening of 20-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 tender of 20-year Government Bonds through the re-opening of existing 20-year Government Bond (issue number 20GB4205) under the Institutional Bond Issuance Programme was held today (February 22).
A total of HK$0.5 billion 20-year Government Bonds were offered today. A total of HK$1.549 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 3.10. The average price accepted is 87.96, implying an annualised yield of 4.263 per cent.
HKSAR Government Institutional Bond Issuance Programme Government Bond tender results
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Tender results of the re-opening of 20-year Government Bonds under the Institutional Bond Issuance Programme:
| Tender Date | : | February 22, 2023 |
| Issue Number | : | 20GB4205 (Re-open) |
| Stock Code | : | 4255 (HKGB 3.30 4205) |
| Issue and Settlement Date | : | February 23, 2023 |
| Tenor | : | 20-year |
| Maturity Date | : | May 26, 2042 |
| Coupon Rate | : | 3.30 per cent |
| Amount Applied | : | HK$1.549 billion |
| Amount Allotted | : | HK$0.5 billion |
| Bid-to-Cover Ratio* | : | 3.10 |
| Average Price Accepted (Yield) | : | 87.96 (4.263 per cent) |
| Lowest Price Accepted (Yield) | : | 85.79 (4.450 per cent) |
| Pro-rata Ratio | : | About 41 per cent |
| Average Tender Price (Yield) | : | 83.59 (4.645 per cent) |
* Ratio of the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, February 22, 2023
Issued at HKT 15:00
Issued at HKT 15:00
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