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 10GB2301 under the Institutional Bond Issuance Programme was held today (Wednesday).
A total of HK$1.0 billion 10-year Government Bonds were offered today. A total of HK$3.364 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.36. The average price accepted is 86.68, implying an annualised yield of 2.803%.
Hong Kong Monetary Authority
15 January 2014
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 | : | 15 January 2014 |
| Issue Number | : | 10GB2301 (Re-open)) |
| Stock Code | : | 4215 (HKGB 1.10 2301) |
| Issue and Settlement Date | : | 16 January 2014 |
| Tenor | : | 10-year |
| Maturity Date | : | 17 January 2023 |
| Coupon Rate | : | 1.10% |
| Amount Applied | : | HK$3.364 billion |
| Amount Allotted | : | HK$1.0 billion |
| Bid-to-Cover Ratio* | : | 3.36 |
| Average Price Accepted (Yield) | : | 86.68 (2.803%) |
| Lowest Price Accepted (Yield) | : | 86.25 (2.863%) |
| Pro-rata Ratio | : | About 62% |
| Average Tender Price (Yield) | : | 85.24 (3.004%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
15 January 2014