Tender results of the re-opening of 10-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 10-year Government Bonds through the re-opening of existing 10-Year Government Bond issue 10GB2108 under the Institutional Bond Issuance Programme was held today (Monday).
A total of HK$1.5 billion 10-year Government Bonds were offered today. A total of HK$3.742 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.49. The average price accepted is 104.79, implying an annualised yield of 1.918%.
Hong Kong Monetary Authority
16 January 2012
HKSAR GOVERNMENT INSTITUTIONAL BOND ISSUANCE PROGRAMME GOVERNMENT BOND TENDER RESULTS
Tender results of re-opening of 10-Year Government Bonds under the Institutional Bond Issuance Programme:-
| Tender Date | : | 16 January 2012 |
| Issue Number | : | 10GB2108 (Re-open) |
| Stock Code | : | 4209 (HKGB 2.46 2108) |
| Issue and Settlement Date | : | 17 January 2012 |
| Tenor | : | 10-year |
| Maturity Date | : | 4 August 2021 |
| Coupon Rate | : | 2.46% |
| Amount Applied | : | HK$3.742 billion |
| Amount Allotted | : | HK$1.5 billion |
| Bid-to-Cover Ratio* | : | 2.49 |
| Average Price Accepted (Yield) | : | 104.79 (1.918 %) |
| Lowest Price Accepted (Yield) | : | 103.50 (2.065 %) |
| Pro-rata Ratio | : | About 4% |
| Average Tender Price (Yield) | : | 102.01 (2.237 %) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
16 January 2012