Tender results of the re-opening of 3-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 3-year Government Bond issue 03GB1505 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$7.03 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.01. The average price accepted is 100.21, implying an annualised yield of 0.364%.
Hong Kong Monetary Authority
6 March 2013
HKSAR GOVERNMENT INSTITUTIONAL BOND ISSUANCE PROGRAMME GOVERNMENT BOND TENDER RESULTS
Tender results of re-opening of 3-year Government Bonds under the Institutional Bond Issuance Programme:-
| Tender Date | : | 6 March 2013 |
| Issue Number | : | 03GB1505 (Re-open) |
| Stock Code | : | 4213 (HKGB 0.46 1505) |
| Issue and Settlement Date | : | 7 March 2013 |
| Tenor | : | 2-year |
| Maturity Date | : | 11 May 2015 |
| Coupon Rate | : | 0.46% |
| Amount Applied | : | HK$7.03 billion |
| Amount Allotted | : | HK$3.5 billion |
| Bid-to-Cover Ratio* | : | 2.01 |
| Average Price Accepted (Yield) | : | 100.21 (0.364%) |
| Lowest Price Accepted (Yield) | : | 100.17 (0.382%) |
| Pro-rata Ratio | : | About 82% |
| Average Tender Price (Yield) | : | 100.14 (0.395%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
6 March 2013