Tender results of the 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 today (Wednesday) that tender for a 10-year Government Bond (issue number 10GB2301) under the Institutional Bond Issuance Programme was held today.
A total of HK$1.5 billion 10-year Government Bonds were offered today. A total of HK$8.14 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 5.43. The average price accepted is 97.43, implying an annualised yield of 1.380%.
Hong Kong Monetary Authority
16 January 2013
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 | : | 16 January 2013 |
| Issue Number | : | 10GB2301 |
| Stock Code | : | 4215 (HKGB 1.10 2301) |
| Issue and Settlement Date | : | 17 January 2013 |
| Tenor | : | 10-year |
| Maturity Date | : | 17 January 2023 |
| Coupon Rate | : | 1.10% |
| Amount Applied | : | HK$8.14 billion |
| Amount Allotted | : | HK$1.5 billion |
| Bid-to-Cover Ratio* | : | 5.43 |
| Average Price Accepted (Yield) | : | 97.43 (1.380%) |
| Lowest Price Accepted (Yield) | : | 97.07 (1.420%) |
| Pro-rata Ratio | : | About 15% |
| Average Tender Price (Yield) | : | 96.26 (1.510%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
16 January 2013