Tender results of the 2-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 2-year Government Bond (issue number 02GB1309) 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$11.17 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.19. The average price accepted is 100.22, implying an annualised yield of 0.211%.
Hong Kong Monetary Authority
7 September 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 | : | 7 September 2011 |
| Issue Number | : | 02GB1309 |
| Stock Code | : | 4210 (HKGB 0.32 1309) |
| Issue and Settlement Date | : | 8 September 2011 |
| Tenor | : | 2-year |
| Maturity Date | : | 9 September 2013 |
| Coupon Rate | : | 0.32% |
| Amount Applied | : | HK$11.17 billion |
| Amount Allotted | : | HK$3.5 billion |
| Bid-to-Cover Ratio* | : | 3.19 |
| Average Price Accepted (Yield) | : | 100.22 (0.211%) |
| Lowest Price Accepted (Yield) | : | 100.18 (0.230%) |
| Pro-rata Ratio | : | About 20% |
| Average Tender Price (Yield) | : | 99.99 (0.325%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
7 September 2011