The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces that a tender of 2-year Government Bonds through the re-opening of existing 3-year Government Bond issue 03GB1505 under the Institutional Bond Issuance Programme was held today (Wednesday).
A total of HK$3.5 billion 2-year Government Bonds were offered today. A total of HK$7.03 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.01. The average price accepted is 100.21, implying an annualised yield of 0.364%.
Hong Kong Monetary Authority
6 March 2013
HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS
_______________________________________________________________
Tender results of re-opening of 3-year Government Bonds under the Institutional Bond Issuance Programme:-
|
Tender Date |
: |
6 March 2013 |
|
Issue Number |
: |
03GB1505 (Re-open) |
|
Stock Code |
: |
4213 (HKGB 0.46 1505) |
|
Issue and Settlement Date |
: |
7 March 2013 |
|
Tenor |
: |
2-year |
|
Maturity Date |
: |
11 May 2015 |
|
Coupon Rate |
: |
0.46% |
|
|
|
|
|
Amount Applied |
: |
HK$7.03 billion |
|
Amount Allotted |
: |
HK$3.5 billion |
|
Bid-to-Cover Ratio* |
: |
2.01 |
|
Average Price Accepted (Yield) |
: |
100.21 (0.364%) |
|
Lowest Price Accepted (Yield) |
: |
100.17 (0.382%) |
|
Pro-rata Ratio |
: |
About 82% |
|
Average Tender Price (Yield) |
: |
100.14 (0.395%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
6 March 2013