Government issues HK$1.5b 10-year bonds

Tender applications reached HK$8.14 billion.

As representative of the Hong Kong Special Administrative Region Government, the Hong Kong Monetary Authority announced that tender for a 10-year Government Bond under the Institutional Bond Issuance Programme was held on Wednesday.

A total of HK$1.5 billion 10-year Government Bonds were offered. HKMA said the bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 5.43. The average price accepted is 97.43, implying an annualised yield of 1.380%.