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 (Wednesday) that tender for a 2-year Government Bond (issue number 02GB1303) under the Institutional Bond Issuance Programme was held today .
A total of HK$3.5 billion 2-year Government Bonds were offered today. A total of HK$13.63 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.89. The average price accepted is100.32, implying an annualised yield of 0.691%.
Hong Kong Monetary Authority
2 March 2011
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 |
: |
2 March 2011 |
Issue Number |
: |
02GB1303 |
Stock Code |
: |
4207 (HKGB 0.85 1303) |
Issue and Settlement Date |
: |
3 March 2011 |
Tenor |
: |
2-year |
Maturity Date |
: |
4 March 2013 |
Coupon Rate |
: |
0.85% |
Amount Applied |
: |
HK$13.63 billion |
Amount Allotted |
: |
HK$3.5 billion |
Bid-to-Cover Ratio* |
: |
3.89 |
Average Price Accepted (Yield) |
: |
100.32 (0.691%) |
Lowest Price Accepted (Yield) |
: |
100.30 (0.700%) |
Pro-rata Ratio |
: |
About 64% |
Average Tender Price (Yield) |
: |
100.21 (0.745%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
2 March 2011