Hong Kong Issues $192 Million 10-Year Government Bonds with Average Yield of 3.827% & Coupon of 2.02% Due 7th March 2034
20th July | Hong Kong
The Hong Kong SAR Government has issued a new $192 million (HKD 1.5 billion) 10-year Government Bonds with average yield of 3.827% and coupon of 2.02% due 7th March 2034 (Average price accepted: 94.62). HKMA (19/7/23): “The Hong Kong Monetary Authority, as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced that a tender of 10-year Government Bonds through the re-opening of existing 15-year Government Bond (issue number 15GB3403) under the Institutional Bond Issuance Programme was held today (19 July). A total of HK$1.5 billion 10-year Government Bonds were offered today. A total of HK$3.871 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 2.58. The average price accepted is 84.62, implying an annualised yield of 3.827%. ” More info below.
“ Hong Kong Issues $192 Million 10-Year Government Bonds with Average Yield of 3.827% & Coupon of 2.02% Due 7th March 2034 “
Tender results of the re-opening of 10-year Government Bonds under the Institutional Bond Issuance Programme:
Tender Date | 19-Jul-23 |
Issue Number | 15GB3403 (Re-open) |
Stock Code | 4237 (HKGB 2.02 3403) |
Issue and Settlement Date | 20-Jul-23 |
Tenor | 10-year |
Maturity Date | 7-Mar-34 |
Coupon Rate | 2.02% |
Amount Applied | HK$3.871 billion |
Amount Allotted | HK$1.5 billion |
Bid-to-Cover Ratio* | 2.58 |
Average Price Accepted (Yield) | 84.62 (3.827%) |
Lowest Price Accepted (Yield) | 83.60 (3.960%) |
Pro-rata Ratio | About 5% |
Average Tender Price (Yield) | 83.40 (3.986%) |
* Ratio of the amount of bonds applied for over the amount of bonds issued.
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