Tender results of the 10-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 10-year Government Bond (issue number 10GB2408) under the Institutional Bond Issuance Programme was held today.
A total of HK$1.0 billion 10-year Government Bonds were offered today. A total of HK$3.044 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.04. The average price accepted is 97.78, implying an annualised yield of 2.487%.
Hong Kong Monetary Authority
6 August 2014
HKSAR GOVERNMENT INSTITUTIONAL BOND ISSUANCE PROGRAMME GOVERNMENT BOND TENDER RESULTS
Tender results of 10-year Government Bonds under the Institutional Bond Issuance Programme:-
Tender Date | : | 6 August 2014 |
Issue Number | : | 10GB2408 |
Stock Code | : | 4221 (HKGB 2.22 2408) |
Issue and Settlement Date | : | 7 August 2014 |
Tenor | : | 10-year |
Maturity Date | : | 7 August 2024 |
Coupon Rate | : | 2.22% |
Amount Applied | : | HK$3.044 billion |
Amount Allotted | : | HK$1.0 billion |
Bid-to-Cover Ratio* | : | 3.04 |
Average Price Accepted (Yield) | : | 97.78 (2.487%) |
Lowest Price Accepted (Yield) | : | 97.20 (2.555%) |
Pro-rata Ratio | : | About 68% |
Average Tender Price (Yield) | : | 95.73 (2.729%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
6 August 2014