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

Press Releases

02 Nov 2011

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 3-year Government Bonds through the re-opening of existing 5-Year Government Bond issue 05GB1411 under the Institutional Bond Issuance Programme was held today (Wednesday). 

A total of HK$3 billion 3-year Government Bonds were offered today.  A total of HK$7.025 billion tender applications were received.  The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.34.  The average price accepted is 104.77, implying an annualised yield of 0.468%. 

Hong Kong Monetary Authority
2 November 2011

 

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 November 2011

Issue Number

:

05GB1411 (Re-open)

Stock Code

:

4202 (HKGB 2.07 1411)

Issue and Settlement Date

:

3 November 2011

Tenor

:

3-year

Maturity Date

:

3 November 2014

Coupon Rate

:

2.07%

 

 

 

Amount Applied

:

HK$7.025 billion

Amount Allotted

:

HK$3 billion

Bid-to-Cover Ratio*

:

2.34

Average Price Accepted (Yield)

:

104.77 (0.468 %)

Lowest Price Accepted (Yield)

:

104.45 (0.573 %)

Pro-rata Ratio

:

About 34%

Average Tender Price (Yield)

:

103.98 (0.728 %)

 

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

 

Hong Kong Monetary Authority
2 November 2011

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Last revision date : 02 November 2011