Tender results of the 10-year Government Bonds under the Institutional Bond Issuance Programme 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 10-year Government Bond (issue number 10GB2108) under the Institutional Bond Issuance Programme was held today.
A total of HK$2.5 billion 10-year Government Bonds were offered today. A total of HK$6.2 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.48. The average price accepted is 103.11, implying an annualised yield of 2.124%.
Hong Kong Monetary Authority
3 August 2011
HKSAR GOVERNMENT INSTITUTIONAL BOND ISSUANCE PROGRAMME GOVERNMENT BOND TENDER RESULTS
Tender results of 10-year Government Bonds under the Institutional Bond Issuance Programme:-
| Tender Date | : | 3 August 2011 |
| Issue Number | : | 10GB2108 |
| Stock Code | : | 4209 (HKGB 2.46 2108) |
| Issue and Settlement Date | : | 4 August 2011 |
| Tenor | : | 10-year |
| Maturity Date | : | 4 August 2021 |
| Coupon Rate | : | 2.46% |
| Amount Applied | : | HK$6.2 billion |
| Amount Allotted | : | HK$2.5 billion |
| Bid-to-Cover Ratio* | : | 2.48 |
| Average Price Accepted (Yield) | : | 103.11 (2.124%) |
| Lowest Price Accepted (Yield) | : | 102.80 (2.159%) |
| Pro-rata Ratio | : | About 46% |
| Average Tender Price (Yield) | : | 102.60 (2.181%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
3 August 2011