Tender results of the 3-year Government Bond 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 03GB1711) 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$12.723 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 4.24. The average price accepted is 99.56, implying an annualised yield of 0.981%.
Hong Kong Monetary Authority
5 November 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 |
: |
5 November 2014 |
Issue Number |
: |
03GB1711 |
Stock Code |
: |
4224 (HKGB 0.83 1711) |
Issue and Settlement Date |
: |
6 November 2014 |
Tenor |
: |
3-year |
Maturity Date |
: |
6 November 2017 |
Coupon Rate |
: |
0.83% |
|
|
|
Amount Applied |
: |
HK$12.723 billion |
Amount Allotted |
: |
HK$3.0 billion |
Bid-to-Cover Ratio* |
: |
4.24 |
Average Price Accepted (Yield) |
: |
99.56 (0.981%) |
Lowest Price Accepted (Yield) |
: |
99.45 (1.019%) |
Pro-rata Ratio |
: |
About 10% |
Average Tender Price (Yield) |
: |
99.38 (1.042%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
5 November 2014