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 5-year Government Bond (issue number 05GB1612) under the Institutional Bond Issuance Programme was held today.
A total of HK$2.5 billion 5-year Government Bonds were offered today. A total of HK$4.03 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 1.61. The average price accepted is 99.42, implying an annualised yield of 1.092%.
Hong Kong Monetary Authority
7 December 2011
HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS
Tender results of 5-year Government Bonds under the Institutional Bond Issuance Programme:-
Tender Date |
: |
7 December 2011 |
Issue Number |
: |
05GB1612 |
Stock Code |
: |
4211 (HKGB 0.97 1612) |
Issue and Settlement Date |
: |
8 December 2011 |
Tenor |
: |
5-year |
Maturity Date |
: |
8 December 2016 |
Coupon Rate |
: |
0.97% |
|
|
|
Amount Applied |
: |
HK$4.03 billion |
Amount Allotted |
: |
HK$2.5 billion |
Bid-to-Cover Ratio* |
: |
1.61 |
Average Price Accepted (Yield) |
: |
99.42 (1.092%) |
Lowest Price Accepted (Yield) |
: |
97.99 (1.392%) |
Pro-rata Ratio |
: |
About 73% |
Average Tender Price (Yield) |
: |
98.53 (1.278%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
7 December 2011