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 5-year Government Bonds through the re-opening of existing 5-year Government Bond issue 05GB1802 under the Institutional Bond Issuance Programme was held today (Wednesday).
A total of HK$2.0 billion 5-year Government Bonds were offered today. A total of HK$3.96 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 1.98. The average price accepted is 96.36, implying an annualised yield of 1.444%.
Hong Kong Monetary Authority
17 July 2013
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 | : | 17 July 2013 |
| Issue Number | : | 05GB1802 (Re-open) |
| Stock Code | : | 4216 (HKGB 0.61 1802) |
| Issue and Settlement Date | : | 18 July 2013 |
| Tenor | : | 5-year |
| Maturity Date | : | 5 February 2018 |
| Coupon Rate | : | 0.61% |
| Amount Applied | : | HK$3.96 billion |
| Amount Allotted | : | HK$2.0 billion |
| Bid-to-Cover Ratio* | : | 1.98 |
| Average Price Accepted (Yield) | : | 96.36 (1.444%) |
| Lowest Price Accepted (Yield) | : | 96.15 (1.493%) |
| Pro-rata Ratio | : | About 98% |
| Average Tender Price (Yield) | : | 95.99 (1.532%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
17 July 2013