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 3-year Government Bonds through the re-opening of existing 5-Year Government Bond issue 05GB1411 under the Institutional Bond Issuance Programme was held today (Wednesday).
A total of HK$3 billion 3-year Government Bonds were offered today. A total of HK$7.025 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.34. The average price accepted is 104.77, implying an annualised yield of 0.468%.
Hong Kong Monetary Authority
2 November 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 | : | 2 November 2011 |
Issue Number | : | 05GB1411 (Re-open) |
Stock Code | : | 4202 (HKGB 2.07 1411) |
Issue and Settlement Date | : | 3 November 2011 |
Tenor | : | 3-year |
Maturity Date | : | 3 November 2014 |
Coupon Rate | : | 2.07% |
Amount Applied | : | HK$7.025 billion |
Amount Allotted | : | HK$3 billion |
Bid-to-Cover Ratio* | : | 2.34 |
Average Price Accepted (Yield) | : | 104.77 (0.468%) |
Lowest Price Accepted (Yield) | : | 104.45 (0.573%) |
Pro-rata Ratio | : | About 34% |
Average Tender Price (Yield) | : | 103.98 (0.728%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
2 November 2011