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

Press Releases

17 Jul 2013

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 5-year Government Bonds through the re-opening of existing 5-year Government Bond issue 05GB1802 under the Institutional Bond Issuance Programme was held today (Wednesday).

A total of HK$2.0 billion 5-year Government Bonds were offered today. A total of HK$3.96 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 1.98. The average price accepted is 96.36, implying an annualised yield of 1.444%.

Hong Kong Monetary Authority
17 July 2013

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	:	17 July 2013
Issue Number	:	05GB1802 (Re-open)
Stock Code	:	4216 (HKGB 0.61 1802)
Issue and Settlement Date	:	18 July 2013
Tenor	:	5-year
Maturity Date	:	5 February 2018
Coupon Rate	:	0.61%

Amount Applied	:	HK$3.96 billion
Amount Allotted	:	HK$2.0 billion
Bid-to-Cover Ratio*	:	1.98
Average Price Accepted (Yield)	:	96.36 (1.444%)
Lowest Price Accepted (Yield)	:	96.15 (1.493%)
Pro-rata Ratio	:	About 98%
Average Tender Price (Yield)	:	95.99 (1.532%)

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

Hong Kong Monetary Authority
17 July 2013

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