Tender results of the 2-year Government bond issue under the Institutional Bond Issuance Programme
The following is issued by the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces that the tender for a 2-year issue of Government Bonds under the Institutional Bond Issuance Programme was held today (Wednesday).
A total of HK$3,500 million 2-year Government Bonds were offered today. The Bonds were well-received by institutional investors. A total of HK$14,070 million tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 4.02. The average price accepted is 100.09, implying an annualised yield of 0.657%.
Hong Kong Monetary Authority
3 March 2010
HKSAR GOVERNMENT INSTITUTIONAL BOND ISSUANCE PROGRAMME GOVERNMENT BOND TENDER RESULTS
Tender results of 2-year Government Bonds under the Institutional Bond Issuance Programme:-
Tender Date |
: |
3 March 2010 |
Issue Number |
: |
02GB1203 |
Stock Code |
: |
4204 (HKGB 0.70 1203) |
Issue and Settlement Date |
: |
4 March 2010 |
Tenor |
: |
2-year |
Maturity Date |
: |
5 March 2012 |
Coupon Rate |
: |
0.70% |
|
|
|
Amount Applied |
: |
HK$14,070 million |
Amount Allotted |
: |
HK$3,500 million |
Bid-to-Cover Ratio* |
: |
4.02 |
Average Price Accepted (Yield) |
: |
100.09 (0.657%) |
Lowest Price Accepted (Yield) |
: |
100.05 (0.676%) |
Pro-rata Ratio |
: |
About 66% |
Average Tender Price (Yield) |
: |
99.96 (0.722%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
3 March 2010