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

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06 Jun 2012

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 for the re-opening of existing 5-Year Government Bond issue 05GB1612 under the Institutional Bond Issuance Programme was held today (Wednesday).

A total of HK$1.5 billion 5-year Government Bonds were offered today. A total of HK$4.575 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.05. The average price accepted is 100.61, implying an annualised yield of 0.834%.

Hong Kong Monetary Authority
6 June 2012

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	:	6 June 2012
Issue Number	:	05GB1612 (Re-open)
Stock Code	:	4211 (HKGB 0.97 1612)
Issue and Settlement Date	:	7 June 2012
Tenor	:	5-year
Maturity Date	:	8 December 2016
Coupon Rate	:	0.97%

Amount Applied	:	HK$4.575 billion
Amount Allotted	:	HK$1.5 billion
Bid-to-Cover Ratio*	:	3.05
Average Price Accepted (Yield)	:	100.61 (0.834 %)
Lowest Price Accepted (Yield)	:	100.43 (0.874 %)
Pro-rata Ratio	:	About 33%
Average Tender Price (Yield)	:	100.37 (0.889 %)

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

Hong Kong Monetary Authority
6 June 2012

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