Press release

Tender results of the 2-year Government Bonds 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 today (Wednesday) that tender for a 2-year Government Bond (issue number 02GB1303) under the Institutional Bond Issuance Programme was held today .

A total of HK$3.5 billion 2-year Government Bonds were offered today. A total of HK$13.63 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.89. The average price accepted is100.32, implying an annualised yield of 0.691%.

Hong Kong Monetary Authority
2 March 2011

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

:

2 March 2011

Issue Number

:

02GB1303

Stock Code

:

4207 (HKGB 0.85 1303)

Issue and Settlement Date

:

3 March 2011

Tenor

:

2-year

Maturity Date

:

4 March 2013

Coupon Rate

:

0.85%

Amount Applied

:

HK$13.63 billion

Amount Allotted

:

HK$3.5 billion

Bid-to-Cover Ratio*

:

3.89

Average Price Accepted (Yield)

:

100.32 (0.691%)

Lowest Price Accepted (Yield)

:

100.30 (0.700%)

Pro-rata Ratio

:

About 64%

Average Tender Price (Yield)

:

100.21 (0.745%)

* Calculated as the amount of bonds applied for over the amount of bonds issued.

Hong Kong Monetary Authority
2 March 2011