Press release

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