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 (March 13).
A total of HK$0.5 billion 20-year Government Bonds were offered today. A total of HK$1.872 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 3.74. The average price accepted is 86.95, implying an annualised yield of 4.392 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 | : | March 13, 2024 |
| Issue Number | : | 20GB4205 (Re-open) |
| Stock Code | : | 4255 (HKGB 3.30 4205) |
| Issue and Settlement Date | : | March 14, 2024 |
| Tenor | : | 20-year |
| Maturity Date | : | May 26, 2042 |
| Coupon Rate | : | 3.30 per cent |
| Amount Applied | : | HK$1.872 billion |
| Amount Allotted | : | HK$0.5 billion |
| Bid-to-Cover Ratio* | : | 3.74 |
| Average Price Accepted (Yield) | : | 86.95 (4.392 per cent) |
| Lowest Price Accepted (Yield) | : | 86.21 (4.458 per cent) |
| Pro-rata Ratio | : | About 35 per cent |
| Average Tender Price (Yield) | : | 85.43 (4.529 per cent) |
* Ratio of the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, March 13, 2024
Issued at HKT 15:05
Issued at HKT 15:05
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