Tender results of the 3-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 today (Wednesday) that tender for a 3-year Government Bond (issue number 03GB1505) under the Institutional Bond Issuance Programme was held today.
A total of HK$3 billion 3-year Government Bonds were offered today. A total of HK$10.29 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.43. The average price accepted is 99.65, implying an annualised yield of 0.577%.
Hong Kong Monetary Authority
9 May 2012
HKSAR GOVERNMENT INSTITUTIONAL BOND ISSUANCE PROGRAMME GOVERNMENT BOND TENDER RESULTS
Tender results of 3-year Government Bonds under the Institutional Bond Issuance Programme:-
| Tender Date | : | 9 May 2012 |
| Issue Number | : | 03GB1505 |
| Stock Code | : | 4213 (HKGB 0.46 1505) |
| Issue and Settlement Date | : | 10 May 2012 |
| Tenor | : | 3-year |
| Maturity Date | : | 11 May 2015 |
| Coupon Rate | : | 0.46% |
| Amount Applied | : | HK$10.29 billion |
| Amount Allotted | : | HK$3 billion |
| Bid-to-Cover Ratio* | : | 3.43 |
| Average Price Accepted (Yield) | : | 99.65 (0.577%) |
| Lowest Price Accepted (Yield) | : | 99.58 (0.602%) |
| Pro-rata Ratio | : | About 83% |
| Average Tender Price (Yield) | : | 99.37 (0.674%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
9 May 2012