Tender results of the 5-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 5-year Government Bond (issue number 05GB1612) under the Institutional Bond Issuance Programme was held today.
A total of HK$2.5 billion 5-year Government Bonds were offered today. A total of HK$4.03 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 1.61. The average price accepted is 99.42, implying an annualised yield of 1.092%.
Hong Kong Monetary Authority
7 December 2011
HKSAR GOVERNMENT INSTITUTIONAL BOND ISSUANCE PROGRAMME GOVERNMENT BOND TENDER RESULTS
Tender results of 5-year Government Bonds under the Institutional Bond Issuance Programme:-
| Tender Date | : | 7 December 2011 |
| Issue Number | : | 05GB1612 |
| Stock Code | : | 4211 (HKGB 0.97 1612) |
| Issue and Settlement Date | : | 8 December 2011 |
| Tenor | : | 5-year |
| Maturity Date | : | 8 December 2016 |
| Coupon Rate | : | 0.97% |
| Amount Applied | : | HK$4.03 billion |
| Amount Allotted | : | HK$2.5 billion |
| Bid-to-Cover Ratio* | : | 1.61 |
| Average Price Accepted (Yield) | : | 99.42 (1.092%) |
| Lowest Price Accepted (Yield) | : | 97.99 (1.392%) |
| Pro-rata Ratio | : | About 73% |
| Average Tender Price (Yield) | : | 98.53 (1.278%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
7 December 2011