Press release

Tender results of the 2-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 that tender for a 2-year Government Bond (issue number 02GB1209) 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$12.89 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.68. The average price accepted is 100.05, implying an annualised yield of 0.456%.

Hong Kong Monetary Authority
1 September 2010



HKSAR GOVERNMENT INSTITUTIONAL BOND ISSUANCE PROGRAMME GOVERNMENT BOND TENDER RESULTS


Tender results of 2-year Government Bonds under the Institutional Bond Issuance Programme:-

Tender Date

:

1 September 2010

Issue Number

:

02GB1209

Stock Code

:

4205 (HKGB 0.48 1209)

Issue and Settlement Date

:

2 September 2010

Tenor

:

2-year

Maturity Date

:

3 September 2012

Coupon Rate

:

0.48%

 

 

 

Amount Applied

:

HK$12.89 billion

Amount Allotted

:

HK$3.5 billion

Bid-to-Cover Ratio*

:

3.68

Average Price Accepted (Yield)

:

100.05 (0.456%)

Lowest Price Accepted (Yield)

:

100.00 (0.481%)

Pro-rata Ratio

:

About 78%

Average Tender Price (Yield)

:

99.88 (0.543%)

* Calculated as the amount of bonds applied for over the amount of bonds issued.

Hong Kong Monetary Authority
1 September 2010