Tender results of 1-year HONIA-indexed Floating Rate Notes under Institutional Bond Issuance Programme
******************************************************************************************
The following is issued on behalf of the Hong Kong Monetary Authority:
Â
     The Hong Kong Monetary Authority, as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced that a tender of 1-year HONIA-indexed Floating Rate Notes (issue number 01GH2408) under the Institutional Bond Issuance Programme was held today (August 16).
     Â
     A total of HK$1.5 billion 1-year HONIA-indexed Floating Rate Notes were allocated today. A total of HK$5.825 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of notes applied for to notes issued, is 3.88. The highest spread accepted is 0.38 per cent.Â
     Â
HKSAR Government Institutional Bond Issuance Programme Government Bond tender results
——————————————————————————————————–
     Tender results of 1-year HONIA-indexed Floating Rate Notes under the Institutional Bond Issuance Programme:
Â
| Tender Date | : | August 16, 2023 |
| Issue Number | : | 01GH2408 |
| Stock Code | : | 4272 (HKGB FRN 2408) |
| Issue and Settlement Date | : | August 17, 2023 |
| Tenor | : | 1-year |
| Maturity Date | : | August 19, 2024 |
| Â | Â | Â |
| Amount Applied | : | HK$5.825 billion |
| Amount Allotted | : | HK$1.5 billion |
| Bid-to-Cover Ratio*Â | : | 3.88 |
| Highest Spread Accepted | : | 0.38% |
| Average Spread Accepted | : | 0.31% |
| Pro-rata Ratio | : | About 50%Â |
| Average Tender Spread | : | 0.53% |
Â
* Calculated as the amount of notes applied for over the amount of notes issued.