Tender results of the 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 today (Wednesday) that tender for a 5-year Government Bond (issue number 05GB1902) under the Institutional Bond Issuance Programme was held today.
A total of HK$3.0 billion 5-year Government Bonds were offered today. A total of HK$7.973 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.66. The average price accepted is 98.98, implying an annualised yield of 1.692%.
Hong Kong Monetary Authority
19 February 2014
HKSAR GOVERNMENT INSTITUTIONAL BOND ISSUANCE PROGRAMME GOVERNMENT BOND TENDER RESULTS
Tender results of 5-year Government Bonds under the Institutional Bond Issuance Programme:-
| Tender Date | : | 19 February 2014 |
| Issue Number | : | 05GB1902 |
| Stock Code | : | 4219 (HKGB 1.47 1902) |
| Issue and Settlement Date | : | 20 February 2014 |
| Tenor | : | 5-year |
| Maturity Date | : | 20 February 2019 |
| Coupon Rate | : | 1.47% |
| Amount Applied | : | HK$7.973 billion |
| Amount Allotted | : | HK$3.0 billion |
| Bid-to-Cover Ratio* | : | 2.66 |
| Average Price Accepted (Yield) | : | 98.98 (1.692%) |
| Lowest Price Accepted (Yield) | : | 98.85 (1.718%) |
| Pro-rata Ratio | : | About 81% |
| Average Tender Price (Yield) | : | 98.52 (1.789%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
19 February 2014