Tender results of the re-opening of 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 that a tender of 5-year Government Bonds through the re-opening of existing Government Bond issue 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$8.235 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 99.08, implying an annualised yield of 1.647%.
Hong Kong Monetary Authority
4 May 2011
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 |
: |
4 May 2011 |
Issue Number |
: |
05GB1512 (Re-open) |
Stock Code |
: |
4206 (HKGB 1.43 1512) |
Issue and Settlement Date |
: |
5 May 2011 |
Tenor |
: |
5-year |
Maturity Date |
: |
2 December 2015 |
Coupon Rate |
: |
1.43% |
|
|
|
Amount Applied |
: |
HK$8.235 billion |
Amount Allotted |
: |
HK$2.5 billion |
Bid-to-Cover Ratio* |
: |
3.29 |
Average Price Accepted (Yield) |
: |
99.08 (1.647%) |
Lowest Price Accepted (Yield) |
: |
98.96 (1.674%) |
Pro-rata Ratio |
: |
About 98% |
Average Tender Price (Yield) |
: |
98.59 (1.759%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
4 May 2011