Hong Kong Issues $318 Million 5-Year Government Bonds with Average Yield of 3.447% & Coupon of 1.25% Due 29th June 2027
7th June 2023 | Hong Kong
The Hong Kong SAR Government has issued a new $318 million (HKD 2.5 billion) 5-year Government Bonds with average yield of 3.447% and coupon of 1.25% due 29th June 2027 (Average price accepted: 91.85). HKMA (7/6/23): “The Hong Kong Monetary Authority, as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced that a tender of 5-year Government Bonds through the re-opening of existing 10-year Government Bond (issue number 10GB2706) under the Institutional Bond Issuance Programme was held today (7 June). A total of HK$2.5 billion 5-year Government Bonds were offered today. A total of HK$10.437 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 4.17. The average price accepted is 91.85, implying an annualised yield of 3.447%.” More info below.
“ Hong Kong Issues $318 Million 5-Year Government Bonds with Average Yield of 3.447% & Coupon of 1.25% Due 29th June 2027 “
Tender results of the re-opening of 10-year Government Bonds under the Institutional Bond Issuance Programme:
Tender Date |
7 June 2023 |
Issue Number | 10GB2706 (Re-open) |
Stock Code | 4235 (HKGB 1.25 2706) |
Issue and Settlement Date | 8 June 2023 |
Tenor | 5-year |
Maturity Date | 29 June 2027 |
Coupon Rate | 1.25% |
Amount Applied | HK$10.437 billion |
Amount Allotted | HK$2.5 billion |
Bid-to-Cover Ratio* | 4.17 |
Average Price Accepted (Yield) | 91.85 (3.447%) |
Lowest Price Accepted (Yield) | 91.77 (3.469%) |
Pro-rata Ratio | About 85% |
Average Tender Price (Yield) | 91.38 (3.582%) |
* Ratio of the amount of bonds applied for over the amount of bonds issued.
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