Tender results of re-opening of 15-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 10-year Government Bonds through the re-opening of existing 15-year Government Bond (issue number 15GB3403) under the Institutional Bond Issuance Programme was held today (March 8).
A total of HK$1.5 billion 10-year Government Bonds were offered today. A total of HK$4.311 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 2.87. The average price accepted is 82.09, implying an annualised yield of 4.096 per cent.
HKSAR Government Institutional Bond Issuance Programme Government Bond tender results
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Tender results of the re-opening of 15-year Government Bonds under the Institutional Bond Issuance Programme:
| Tender date | : | March 8, 2023 |
| Issue number | : | 15GB3403 (Re-open) |
| Stock code | : | 4237 (HKGB 2.02 3403) |
| Issue and settlement date | : | March 9, 2023 |
| Tenor | : | 10-year |
| Maturity date | : | March 7, 2034 |
| Coupon rate | : | 2.02 per cent |
| Amount applied | : | HK$4.311 billion |
| Amount allotted | : | HK$1.5 billion |
| Bid-to-Cover ratio* | : | 2.87 |
| Average price accepted (yield) | : | 82.09 (4.096 per cent) |
| Lowest price accepted (yield) | : | 81.28 (4.202 per cent) |
| Pro-rata ratio | : | About 98 per cent |
| Average tender price (yield) | : | 81.12 (4.223 per cent) |
* Ratio of the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, March 8, 2023
Issued at HKT 15:00
Issued at HKT 15:00
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