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 Government Bond issue 10GB2001 under the Institutional Bond Issuance Programme was held today (Wednesday).
A total of HK$3,000 million 10-year Government Bonds were offered today. A total of HK$7,963 million tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.65. The average price accepted is 99.97, implying an annualised yield of 2.955%.
Hong Kong Monetary Authority
5 May 2010
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 | : | 5 May 2010 |
Issue Number | : | 10GB2001 (Re-open) |
Stock Code | : | 4203 (HKGB 2.93 2001) |
Issue and Settlement Date | : | 6 May 2010 |
Tenor | : | 10-year |
Maturity Date | : | 13 January 2020 |
Coupon Rate | : | 2.93% |
Amount Applied | : | HK$7,963 million |
Amount Allotted | : | HK$3,000 million |
Bid-to-Cover Ratio* | : | 2.65 |
Average Price Accepted (Yield) | : | 99.97 (2.955%) |
Lowest Price Accepted (Yield) | : | 99.86 (2.968%) |
Pro-rata Ratio | : | About 37% |
Average Tender Price (Yield) | : | 99.62 (2.997%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
5 May 2010