05/25/2022 | Press release | Distributed by Public on 05/25/2022 01:37
The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced that a tender of 20-year Government Bonds (issue number 20GB4205) under the Institutional Bond Issuance Programme was held today (25 May).
A total of HK$0.5 billion 20-year Government Bonds were allocated today. A total of HK$1.492 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.98. The average price accepted is 100.39, implying an annualised yield of 3.300%.
Hong Kong Monetary Authority
25 May 2022
HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS
Tender results of 20-year Government Bonds under the Institutional Bond Issuance Programme:-
Tender Date |
: |
25 May 2022 |
Issue Number |
: |
20GB4205 |
Stock Code |
: |
4255 (HKGB 3.30 4205) |
Issue and Settlement Date |
: |
26 May 2022 |
Tenor |
: |
20-year |
Maturity Date |
: |
26 May 2042 |
Coupon Rate |
: |
3.30% |
Amount Applied |
: |
HK$1.492 billion |
Amount Allotted |
: |
HK$0.5 billion |
Bid-to-Cover Ratio* |
: |
2.98 |
Average Price Accepted (Yield) |
: |
100.39 (3.300%) |
Lowest Price Accepted (Yield) |
: |
98.40 (3.440%) |
Pro-rata Ratio |
: |
About 24% |
Average Tender Price (Yield) |
: |
96.02 (3.613%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
25 May 2022