The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces today that tender for a 2-year Government Bond (issue number 02GB1209) under the Institutional Bond Issuance Programme was held today (Wednesday).
A total of HK$3.5 billion 2-year Government Bonds were offered today. A total of HK$12.89 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.68. The average price accepted is 100.05, implying an annualised yield of 0.456%.
Hong Kong Monetary Authority
1 September 2010
HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS
Tender results of 2-year Government Bonds under the Institutional Bond Issuance Programme:-
Tender Date |
: | 1 September 2010 |
Issue Number |
: | 02GB1209 |
Stock Code |
: | 4205 (HKGB 0.48 1209) |
Issue and Settlement Date |
: | 2 September 2010 |
Tenor |
: | 2-year |
Maturity Date |
: | 3 September 2012 |
Coupon Rate |
: | 0.48% |
Amount Applied |
: | HK$12.89 billion |
Amount Allotted |
: | HK$3.5 billion |
Bid-to-Cover Ratio* |
: | 3.68 |
Average Price Accepted (Yield) |
: | 100.05 (0.456%) |
Lowest Price Accepted (Yield) |
: | 100.00 (0.481%) |
Pro-rata Ratio | : | About 78% |
Average Tender Price (Yield) |
: | 99.88 (0.543%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
1 September 2010