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Source: Hong Kong Monetary Authority

The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces today (Wednesday) that tender for a 3-year Government Bond (issue number 03GB2310) under the Institutional Bond Issuance Programme was held today.

A total of HK$4.0 billion 3-year Government Bonds were allocated today. A total of HK$13.695 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.42. The average price accepted is 100.73, implying an annualised yield of 0.267%.

Hong Kong Monetary Authority
21 October 2020

HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS
                                                                                                            

Tender results of 3-year Government Bonds under the Institutional Bond Issuance Programme:-

Tender Date

:

21 October 2020

Issue Number

:

03GB2310

Stock Code

:

4240 (HKGB 0.51 2310)

Issue and Settlement Date

:

22 October 2020

Tenor

:

3-year

Maturity Date

:

23 October 2023

Coupon Rate

:

0.51%

Amount Applied

:

HK$13.695 billion

Amount Allotted

:

HK$4.0 billion

Bid-to-Cover Ratio*

:

3.42

Average Price Accepted (Yield)

:

100.73 (0.267%)

Lowest Price Accepted (Yield)

:

100.63 (0.299%)

Pro-rata Ratio

:

About 77%

Average Tender Price (Yield)

:

100.52 (0.337%)

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

Hong Kong Monetary Authority
21 October 2020

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