Tender results of the re-opening of 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 that a tender of 2-year Government Bonds through the re-opening of existing 5-year Government Bond issue 05GB1612 under the Institutional Bond Issuance Programme was held today (Wednesday).
A total of HK$3.5 billion 2-year Government Bonds were offered today. A total of HK$16.39 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 4.68. The average price accepted is 100.43, implying an annualised yield of 0.778%.
Hong Kong Monetary Authority
3 September 2014
HKSAR GOVERNMENT INSTITUTIONAL BOND ISSUANCE PROGRAMME GOVERNMENT BOND TENDER RESULTS
Tender results of re-opening of 5-year Government Bonds under the Institutional Bond Issuance Programme:-
Tender Date |
: |
3 September 2014 |
Issue Number |
: |
05GB1612 (Re-open) |
Stock Code |
: |
4211 (HKGB 0.97 1612) |
Issue and Settlement Date |
: |
4 September 2014 |
Tenor |
: |
2-year |
Maturity Date |
: |
8 December 2016 |
Coupon Rate |
: |
0.97% |
|
|
|
Amount Applied |
: |
HK$16.39 billion |
Amount Allotted |
: |
HK$3.5 billion |
Bid-to-Cover Ratio* |
: |
4.68 |
Average Price Accepted (Yield) |
: |
100.43 (0.778%) |
Lowest Price Accepted (Yield) |
: |
100.39 (0.797%) |
Pro-rata Ratio |
: |
About 75% |
Average Tender Price (Yield) |
: |
100.27 (0.849%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
3 September 2014