Tender results of the re-opening of 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 that a tender of 10-year Government Bonds through the re-opening of existing 10-year Government Bond issue 10GB2408 under the Institutional Bond Issuance Programme was held today (Wednesday).
A total of HK$2.0 billion 10-year Government Bonds were offered today. A total of HK$3.965 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 1.98. The average price accepted is 103.57, implying an annualised yield of 1.820%.
Hong Kong Monetary Authority
14 January 2015
HKSAR GOVERNMENT INSTITUTIONAL BOND ISSUANCE PROGRAMME GOVERNMENT BOND TENDER RESULTS
Tender results of re-opening of 10-year Government Bonds under the Institutional Bond Issuance Programme:-
Tender Date |
: |
14 January 2015 |
Issue Number |
: |
10GB2408 (Re-open) |
Stock Code |
: |
4221 (HKGB 2.22 2408) |
Issue and Settlement Date |
: |
15 January 2015 |
Tenor |
: |
10-year |
Maturity Date |
: |
7 August 2024 |
Coupon Rate |
: |
2.22% |
|
|
|
Amount Applied |
: |
HK$3.965 billion |
Amount Allotted |
: |
HK$2.0 billion |
Bid-to-Cover Ratio* |
: |
1.98 |
Average Price Accepted (Yield) |
: |
103.57 (1.820%) |
Lowest Price Accepted (Yield) |
: |
103.26 (1.855%) |
Pro-rata Ratio |
: |
About 25% |
Average Tender Price (Yield) |
: |
103.16 (1.867%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
14 January 2015