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 tender of 5-year Government Bonds through the re-opening of existing 10-year Government Bond (issue number 10GB2706) under the Institutional Bond Issuance Programme was held today (November 29).
A total of HK$3.0 billion 5-year Government Bonds were offered today. A total of HK$12.406 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 4.14. The average price accepted is 91.71, implying an annualised yield of 3.781 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 29, 2023 |
| Issue Number | : | 10GB2706 (Re-open) |
| Stock Code | : | 4235 (HKGB 1.25 2706) |
| Issue and Settlement Date | : | November 30, 2023 |
| Tenor | : | 5-year |
| Maturity Date | : | June 29, 2027 |
| Coupon Rate | : | 1.25% |
| Amount Applied | : | HK$12.406 billion |
| Amount Allotted | : | HK$3.0 billion |
| Bid-to-Cover Ratio* | : | 4.14 |
| Average Price Accepted (Yield) | : | 91.71 (3.781%) |
| Lowest Price Accepted (Yield) | : | 91.56 (3.831%) |
| Pro-rata Ratio | : | About 100% |
| Average Tender Price (Yield) | : | 91.20 (3.949%) |
* Ratio of the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, November 29, 2023
Issued at HKT 15:00
Issued at HKT 15:00
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