Press release

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 03GB1605 under the Institutional Bond Issuance Programme was held today (Friday).

A total of HK$3.5 billion 2-year Government Bonds were offered today. A total of HK$11.11 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.17. The average price accepted is 99.28, implying an annualised yield of 0.675%.

Hong Kong Monetary Authority
7 March 2014

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 : 7 March 2014
Issue Number : 03GB1605 (Re-open)
Stock Code : 4217 (HKGB 0.34 1605)
Issue and Settlement Date : 10 March 2014
Tenor : 2-year
Maturity Date : 9 May 2016
Coupon Rate : 0.34%
     
Amount Applied : HK$11.11 billion
Amount Allotted : HK$3.5 billion
Bid-to-Cover Ratio* : 3.17
Average Price Accepted (Yield) : 99.28 (0.675%)
Lowest Price Accepted (Yield) : 99.25 (0.690%)
Pro-rata Ratio : About 96%
Average Tender Price (Yield) : 99.10 (0.762%)

* Calculated as the amount of bonds applied for over the amount of bonds issued.

Hong Kong Monetary Authority
7 March 2014