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HKMA: 7-year HKD government bond upsizes issuance by HK$1.25 billion with a bid-to-cover ratio of 5.35
According to an announcement by the HKMA on November 11, HKD 1.25 billion of the 7-year institutional government bonds under the Infrastructure Bond Programme was issued through the reopening of existing bonds (07GB3302001). It received HKD 6.693 billion in bids, with a bid-to-cover ratio of 5.35. The average accepted price was 95.77, corresponding to an annualized yield of 3.708%. This is the result of the reopening issuance of the existing bonds.
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