Tender results of the re-opening of 10-year Government Bonds under the Institutional Bond Issuance Programme
The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces today that a tender of 10-year Government Bonds through the re-opening of existing Government Bond issue 10GB2001 under the Institutional Bond Issuance Programme was held today (Wednesday).
A total of HK$3,000 million 10-year Government Bonds were offered today. A total of HK$7,963 million tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.65. The average price accepted is 99.97, implying an annualised yield of 2.955%.
Hong Kong Monetary Authority
5 May 2010
HKSAR GOVERNMENT INSTITUTIONAL BOND ISSUANCE PROGRAMME GOVERNMENT BOND TENDER RESULTS
Tender results of re-opening of 10-Year Government Bonds under the Institutional Bond Issuance Programme:-
Tender Date |
: |
5 May 2010 |
Issue Number |
: |
10GB2001 (Re-open) |
Stock Code |
: |
4203 (HKGB 2.93 2001) |
Issue and Settlement Date |
: |
6 May 2010 |
Tenor |
: |
10-year |
Maturity Date |
: |
13 January 2020 |
Coupon Rate |
: |
2.93% |
Amount Applied |
: |
HK$7,963 million |
Amount Allotted |
: |
HK$3,000 million |
Bid-to-Cover Ratio* |
: |
2.65 |
Average Price Accepted (Yield) |
: |
99.97 (2.955%) |
Lowest Price Accepted (Yield) |
: |
99.86 (2.968%) |
Pro-rata Ratio |
: |
About 37% |
Average Tender Price (Yield) |
: |
99.62 (2.997%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
5 May 2010