Tender results of the 5-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 5-year Government Bond (issue number 05GB1512) under the Institutional Bond Issuance Programme was held today (Wednesday).
A total of HK$2.5 billion 5-year Government Bonds were offered today. A total of HK$6.16 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.46. The average price accepted is 99.38, implying an annualised yield of 1.566%.
Hong Kong Monetary Authority
1 December 2010
HKSAR GOVERNMENT INSTITUTIONAL BOND ISSUANCE PROGRAMME GOVERNMENT BOND TENDER RESULTS
Tender results of 5-year Government Bonds under the Institutional Bond Issuance Programme:-
Tender Date |
: |
1 December 2010 |
Issue Number |
: |
05GB1512 |
Stock Code |
: |
4206 (HKGB 1.43 1512) |
Issue and Settlement Date |
: |
2 December 2010 |
Tenor |
: |
5-year |
Maturity Date |
: |
2 December 2015 |
Coupon Rate |
: |
1.43% |
Amount Applied |
: |
HK$6.16 billion |
Amount Allotted |
: |
HK$2.5 billion |
Bid-to-Cover Ratio* |
: |
2.46 |
Average Price Accepted (Yield) |
: |
99.38 (1.566%) |
Lowest Price Accepted (Yield) |
: |
99.16 (1.612%) |
Pro-rata Ratio |
: |
About 70% |
Average Tender Price (Yield) |
: |
99.11 (1.623%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
1 December 2010