Tender results of the 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 today (Wednesday) that tender for a 3-year Government Bond (issue number 03GB1605) under the Institutional Bond Issuance Programme was held today.
A total of HK$3.0 billion 3-year Government Bonds were offered today. A total of HK$7.24 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.41. The average price accepted is 99.73, implying an annualised yield of 0.431%.
Hong Kong Monetary Authority
8 May 2013
HKSAR GOVERNMENT INSTITUTIONAL BOND ISSUANCE PROGRAMME GOVERNMENT BOND TENDER RESULTS
Tender results of 3-year Government Bonds under the Institutional Bond Issuance Programme:-
| Tender Date | : | 8 May 2013 |
| Issue Number | : | 03GB1605 |
| Stock Code | : | 4217 (HKGB 0.34 1605) |
| Issue and Settlement Date | : | 9 May 2013 |
| Tenor | : | 3-year |
| Maturity Date | : | 9 May 2016 |
| Coupon Rate | : | 0.34% |
| Amount Applied | : | HK$7.24 billion |
| Amount Allotted | : | HK$3.0 billion |
| Bid-to-Cover Ratio* | : | 2.41 |
| Average Price Accepted (Yield) | : | 99.73 (0.431%) |
| Lowest Price Accepted (Yield) | : | 99.60 (0.475%) |
| Pro-rata Ratio | : | About 12% |
| Average Tender Price (Yield) | : | 99.60 (0.477%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
8 May 2013