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

Press Releases

07 Nov 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 of 3-year Government Bonds through the re-opening of existing 5-Year Government Bond issue 05GB1512 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$8.2 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.73. The average price accepted is 103.11, implying an annualised yield of 0.409%.

Hong Kong Monetary Authority
7 November 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	:	7 November 2012
Issue Number	:	05GB1512 (Re-open)
Stock Code	:	4206 (HKGB 1.43 1512)
Issue and Settlement Date	:	8 November 2012
Tenor	:	3-year
Maturity Date	:	2 December 2015
Coupon Rate	:	1.43%

Amount Applied	:	HK$8.2 billion
Amount Allotted	:	HK$3 billion
Bid-to-Cover Ratio*	:	2.73
Average Price Accepted (Yield)	:	103.11 (0.409%)
Lowest Price Accepted (Yield)	:	103.04 (0.431%)
Pro-rata Ratio	:	About 100%
Average Tender Price (Yield)	:	102.94 (0.464%)

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

Hong Kong Monetary Authority
7 November 2012

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