Tender results of 1-year HONIA-indexed Floating Rate Notes 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 1-year HONIA-indexed Floating Rate Notes (issue number 01GH2405) under the Institutional Bond Issuance Programme was held today (May 17).
A total of HK$1.5 billion 1-year HONIA-indexed Floating Rate Notes were allocated today. A total of HK$4.350 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of notes applied for to notes issued, is 2.90. The highest spread accepted is 0.45 per cent.
HKSAR Government Institutional Bond Issuance Programme Government Bond tender results
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Tender results of 1-year HONIA-indexed Floating Rate Notes under the Institutional Bond Issuance Programme:
| Tender Date | : | May 17, 2023 |
| Issue Number | : | 01GH2405 |
| Stock Code | : | 4266 (HKGB FRN 2405) |
| Issue and Settlement Date | : | May 18, 2023 |
| Tenor | : | 1-year |
| Maturity Date | : | May 20, 2024 |
| Amount Applied | : | HK$4.350 billion |
| Amount Allotted | : | HK$1.5 billion |
| Bid-to-Cover Ratio* | : | 2.90 |
| Highest Spread Accepted | : | 0.45 per cent |
| Average Spread Accepted | : | 0.34 per cent |
| Pro-rata Ratio | : | About 40 per cent |
| Average Tender Spread | : | 0.59 per cent |
* Calculated as the amount of notes applied for over the amount of notes issued.
Ends/Wednesday, May 17, 2023
Issued at HKT 14:30
Issued at HKT 14:30
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