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 02GB1403) 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$9.685 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.77. The average price accepted is 99.95, implying an annualised yield of 0.407%.
Hong Kong Monetary Authority
7 March 2012
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 March 2012 |
Issue Number |
: |
02GB1403 |
Stock Code |
: |
4212 (HKGB 0.38 1403) |
Issue and Settlement Date |
: |
8 March 2012 |
Tenor |
: |
2-year |
Maturity Date |
: |
10 March 2014 |
Coupon Rate |
: |
0.38% |
|
|
|
Amount Applied |
: |
HK$9.685 billion |
Amount Allotted |
: |
HK$3.5 billion |
Bid-to-Cover Ratio* |
: |
2.77 |
Average Price Accepted (Yield) |
: |
99.95 (0.407%) |
Lowest Price Accepted (Yield) |
: |
99.83 (0.466%) |
Pro-rata Ratio |
: |
About 98% |
Average Tender Price (Yield) |
: |
99.76 (0.504%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
7 March 2012