Tender results of the 10-year Government Bonds under the Institutional Bond Issuance Programme

Press Releases

16 Jan 2013

Tender results of the 10-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 today (Wednesday) that tender for a 10-year Government Bond (issue number 10GB2301) under the Institutional Bond Issuance Programme was held today. 

A total of HK$1.5 billion 10-year Government Bonds were offered today.  A total of HK$8.14 billion tender applications were received.  The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 5.43.  The average price accepted is 97.43, implying an annualised yield of 1.380%. 

 

Hong Kong Monetary Authority
16 January 2013

HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS 
__________________________________________________________

Tender results of 10-year Government Bonds under the Institutional Bond Issuance Programme:-

Tender Date

:

16 January 2013

Issue Number

:

10GB2301

Stock Code

:

4215 (HKGB 1.10 2301)

Issue and Settlement Date

:

17 January 2013

Tenor

:

10-year

Maturity Date

:

17 January 2023

Coupon Rate

:

1.10%

 

 

 

Amount Applied

:

HK$8.14 billion

Amount Allotted

:

HK$1.5 billion

Bid-to-Cover Ratio*

:

5.43

Average Price Accepted (Yield)

:

97.43 (1.380%)

Lowest Price Accepted (Yield)

:

97.07 (1.420%)

Pro-rata Ratio

:

About 15%

Average Tender Price (Yield)

:

96.26 (1.510%)

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

 

Hong Kong Monetary Authority
16 January 2013

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Last revision date : 16 January 2013