Tender results of the re-opening of 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 that a tender of 2-year Government Bonds through the re-opening of existing 5-Year Government Bond issue 05GB1411 under the Institutional Bond Issuance Programme was held today (Wednesday).
A total of HK$3.5 billion 2-year Government Bonds were offered today. A total of HK$10.266 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.93. The average price accepted is 103.62, implying an annualised yield of 0.380%.
Hong Kong Monetary Authority
5 September 2012
HKSAR GOVERNMENT INSTITUTIONAL BOND ISSUANCE PROGRAMME GOVERNMENT BOND TENDER RESULTS
Tender results of re-opening of 5-Year Government Bonds under the Institutional Bond Issuance Programme:-
| Tender Date | : | 5 September 2012 |
| Issue Number | : | 05GB1411 (Re-open) |
| Stock Code | : | 4202 (HKGB 2.07 1411) |
| Issue and Settlement Date | : | 6 September 2012 |
| Tenor | : | 2-year |
| Maturity Date | : | 3 November 2014 |
| Coupon Rate | : | 2.07% |
| Amount Applied | : | HK$10.266 billion |
| Amount Allotted | : | HK$3.5 billion |
| Bid-to-Cover Ratio* | : | 2.93 |
| Average Price Accepted (Yield) | : | 103.62 (0.380%) |
| Lowest Price Accepted (Yield) | : | 103.57 (0.405%) |
| Pro-rata Ratio | : | About 82% |
| Average Tender Price (Yield) | : | 103.47 (0.453%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
5 September 2012