Tender results of the 2-year Government Bonds under the Institutional Bond Issuance Programme 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 02GB1403) 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$9.685 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.77. The average price accepted is 99.95, implying an annualised yield of 0.407%.
Hong Kong Monetary Authority
7 March 2012
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 | : | 7 March 2012 |
| Issue Number | : | 02GB1403 |
| Stock Code | : | 4212 (HKGB 0.38 1403) |
| Issue and Settlement Date | : | 8 March 2012 |
| Tenor | : | 2-year |
| Maturity Date | : | 10 March 2014 |
| Coupon Rate | : | 0.38% |
| Amount Applied | : | HK$9.685 billion |
| Amount Allotted | : | HK$3.5 billion |
| Bid-to-Cover Ratio* | : | 2.77 |
| Average Price Accepted (Yield) | : | 99.95 (0.407%) |
| Lowest Price Accepted (Yield) | : | 99.83 (0.466%) |
| Pro-rata Ratio | : | About 98% |
| Average Tender Price (Yield) | : | 99.76 (0.504%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
7 March 2012