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Tender results of the 20-year Government Bonds under the Institutional Bond Issuance Programme

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

Disclaimer: RegRadar is not endorsed nor affiliated with the source authority. This material does not constitute any advice. This material is machine translated and does not constitute an official translation by the source authority. Please note that the information can be obtained free of charge through the source website.