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