Tender results of re-opening of 15-year Government Bonds under Institutional Bond Issuance Programme

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The following is issued on behalf of the Hong Kong Monetary Authority:

     The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces that tender of 15-year Government Bonds through the re-opening of existing 15-year Government Bond issue 15GB3203 under the Institutional Bond Issuance Programme was held today (September 12).
 
     A total of HK$0.6 billion 15-year Government Bonds were offered today. A total of HK$2.090 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.48. The average price accepted is 91.00, implying an annualised yield of 2.709%.
 
HKSAR Government Institutional Bond Issuance Programme Government Bond tender results
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     Tender results of re-opening of 15-year Government Bonds under the Institutional Bond Issuance Programme:
 

Tender Date : September 12, 2018
Issue Number : 15GB3203 (Re-open)
Stock Code : 4232 (HKGB 1.89 3203)
Issue and Settlement Date : September 13, 2018
Tenor : 15-year
Maturity Date : March 2, 2032
Coupon Rate : 1.89%
     
Amount Applied : HK$2.090 billion
Amount Allotted : HK$0.6 billion
Bid-to-Cover Ratio* : 3.48
Average Price Accepted (Yield) : 91.00 (2.709%)
Lowest Price Accepted (Yield) : 90.60 (2.747%)
Pro-rata Ratio : About 51%
Average Tender Price (Yield) : 89.89 (2.815%)

 
*Calculated as the amount of bonds applied for over the amount of bonds issued.

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