Hong Kong Monetary Authority - Tender results of the re-opening of 5-year Government Bonds under the Institutional Bond Issuance Programme

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02 Jun 2010

Tender results of the re-opening of 5-year Government Bonds under the Institutional Bond Issuance Programme

The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces that a tender of 5-year Government Bonds through the re-opening of existing Government Bond issue 05GB1411 under the Institutional Bond Issuance Programme was held today (Wednesday).

A total of HK$1,500 million 5-year Government Bonds were offered today. A total of HK$4,785 million tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.19. The average price accepted is 101.78, implying an annualised yield of 1.658%.

Hong Kong Monetary Authority
2 June 2010

HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS

Tender results of re-opening of 5-year Government Bonds under the Institutional Bond Issuance Programme:-

Tender Date	:	2 June 2010
Issue Number	:	05GB1411 (Re-open)
Stock Code	:	4202 (HKGB 2.07 1411)
Issue and Settlement Date	:	3 June 2010
Tenor	:	5-year
Maturity Date	:	3 November 2014
Coupon Rate	:	2.07%

Amount Applied	:	HK$4,785 million
Amount Allotted	:	HK$1,500 million
Bid-to-Cover Ratio*	:	3.19
Average Price Accepted (Yield)	:	101.78 (1.658%)
Lowest Price Accepted (Yield)	:	101.70 (1.676%)
Pro-rata Ratio	:	About 86%
Average Tender Price (Yield)	:	101.58 (1.705%)

* Calculated as the amount of bonds applied for over the amount of bonds issued.

Hong Kong Monetary Authority
2 June 2010

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