The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority, as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced that a tender of 15-year Government Bonds through the re-opening of existing 15-year Government Bond (issue number 15GB3801) under the Institutional Bond Issuance Programme was held today (December 13).
A total of HK$0.5 billion 15-year Government Bonds were offered today. A total of HK$2.510 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 5.02. The average price accepted is 95.28, implying an annualised yield of 4.231%.
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 | : | December 13, 2023 |
| Issue Number | : | 15GB3801 (Re-open) |
| Stock Code | : | 4258 (HKGB 3.74 3801) |
| Issue and Settlement Date | : | December 14, 2023 |
| Tenor | : | 15-year |
| Maturity Date | : | January 12, 2038 |
| Coupon Rate | : | 3.74% |
| Amount Applied | : | HK$2.510 billion |
| Amount Allotted | : | HK$0.5 billion |
| Bid-to-Cover Ratio* | : | 5.02 |
| Average Price Accepted (Yield) | : | 95.28 (4.231%) |
| Lowest Price Accepted (Yield) | : | 94.62 (4.297%) |
| Pro-rata Ratio | : | About 40% |
| Average Tender Price (Yield) | : | 93.62 (4.398%) |
* Ratio of the amount of bonds applied for over the amount of bonds issued.
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