Tender results of the re-opening of 5-year Government Bonds under the Institutional Bond Issuance Programme
The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces today that a tender of 5-year Government Bonds through the re-opening of existing Government Bond issue 05GB1411 under the Institutional Bond Issuance Programme was held today (Wednesday).
A total of HK$1,500 million 5-year Government Bonds were offered today. A total of HK$4,785 million tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.19. The average price accepted is 101.78, implying an annualised yield of 1.658%.
Hong Kong Monetary Authority
2 June 2010
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 |
: |
2 June 2010 |
Issue Number |
: |
05GB1411 (Re-open) |
Stock Code |
: |
4202 (HKGB 2.07 1411) |
Issue and Settlement Date |
: |
3 June 2010 |
Tenor |
: |
5-year |
Maturity Date |
: |
3 November 2014 |
Coupon Rate |
: |
2.07% |
Amount Applied |
: |
HK$4,785 million |
Amount Allotted |
: |
HK$1,500 million |
Bid-to-Cover Ratio* |
: |
3.19 |
Average Price Accepted (Yield) |
: |
101.78 (1.658%) |
Lowest Price Accepted (Yield) |
: |
101.70 (1.676%) |
Pro-rata Ratio |
: |
About 86% |
Average Tender Price (Yield) |
: |
101.58 (1.705%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
2 June 2010