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 03GB1704) 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$9.671 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.22. The average price accepted is 99.78, implying an annualised yield of 1.098%.
Hong Kong Monetary Authority
9 April 2014
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 | : | 9 April 2014 |
| Issue Number | : | 03GB1704 |
| Stock Code | : | 4220 (HKGB 1.02 1704) |
| Issue and Settlement Date | : | 10 April 2014 |
| Tenor | : | 3-year |
| Maturity Date | : | 10 April 2017 |
| Coupon Rate | : | 1.02% |
| Amount Applied | : | HK$9.671 billion |
| Amount Allotted | : | HK$3.0 billion |
| Bid-to-Cover Ratio* | : | 3.22 |
| Average Price Accepted (Yield) | : | 99.78 (1.098%) |
| Lowest Price Accepted (Yield) | : | 99.68 (1.132%) |
| Pro-rata Ratio | : | About 12% |
| Average Tender Price (Yield) | : | 99.62 (1.152%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
9 April 2014