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 2-year Government Bond (issue number 02GB1309) under the Institutional Bond Issuance Programme was held today.
A total of HK$3.5 billion 2-year Government Bonds were offered today. A total of HK$11.17 billion 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 100.22, implying an annualised yield of 0.211%.
Hong Kong Monetary Authority
7 September 2011
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 |
: |
7 September 2011 |
Issue Number |
: |
02GB1309 |
Stock Code |
: |
4210 (HKGB 0.32 1309) |
Issue and Settlement Date |
: |
8 September 2011 |
Tenor |
: |
2-year |
Maturity Date |
: |
9 September 2013 |
Coupon Rate |
: |
0.32% |
|
|
|
Amount Applied |
: |
HK$11.17 billion |
Amount Allotted |
: |
HK$3.5 billion |
Bid-to-Cover Ratio* |
: |
3.19 |
Average Price Accepted (Yield) |
: |
100.22 (0.211%) |
Lowest Price Accepted (Yield) |
: |
100.18 (0.230%) |
Pro-rata Ratio |
: |
About 20% |
Average Tender Price (Yield) |
: |
99.99 (0.325%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
7 September 2011