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 today that a tender of 10-year Government Bonds through the re-opening of existing Government Bond issue 10GB2001 under the Institutional Bond Issuance Programme was held today (Wednesday).
A total of HK$2 billion 10-year Government Bonds were offered today. A total of HK$6.3 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.15. The average price accepted is 106.69, implying an annualised yield of 2.142%.
Hong Kong Monetary Authority
6 October 2010
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 |
: |
6 October 2010 |
Issue Number |
: |
10GB2001 (Re-open) |
Stock Code |
: |
4203 (HKGB 2.93 2001) |
Issue and Settlement Date |
: |
7 October 2010 |
Tenor |
: |
10-year |
Maturity Date |
: |
13 January 2020 |
Coupon Rate |
: |
2.93% |
|
|
|
Amount Applied |
: |
HK$6.3 billion |
Amount Allotted |
: |
HK$2 billion |
Bid-to-Cover Ratio* |
: |
3.15 |
Average Price Accepted (Yield) |
: |
106.69 (2.142%) |
Lowest Price Accepted (Yield) |
: |
106.20 (2.199%) |
Pro-rata Ratio |
: |
About 2% |
Average Tender Price (Yield) |
: |
105.55 (2.276%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
6 October 2010