Hong Kong Monetary Authority - Tender results of the re-opening of 10-year Government Bonds under the Institutional Bond Issuance Programme

Press Releases

15 Jan 2014

Tender results of the re-opening of 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 that a tender of 10-year Government Bonds through the re-opening of existing 10-year Government Bond issue 10GB2301 under the Institutional Bond Issuance Programme was held today (Wednesday).

A total of HK$1.0 billion 10-year Government Bonds were offered today. A total of HK$3.364 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.36. The average price accepted is 86.68, implying an annualised yield of 2.803%.

Hong Kong Monetary Authority
15 January 2014

HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS
_________________________________________________________________

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

Tender Date	:	15 January 2014
Issue Number	:	10GB2301 (Re-open)
Stock Code	:	4215 (HKGB 1.10 2301)
Issue and Settlement Date	:	16 January 2014
Tenor	:	10-year
Maturity Date	:	17 January 2023
Coupon Rate	:	1.10%

Amount Applied	:	HK$3.364 billion
Amount Allotted	:	HK$1.0 billion
Bid-to-Cover Ratio*	:	3.36
Average Price Accepted (Yield)	:	86.68 (2.803%)
Lowest Price Accepted (Yield)	:	86.25 (2.863%)
Pro-rata Ratio	:	About 62%
Average Tender Price (Yield)	:	85.24 (3.004%)

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

Hong Kong Monetary Authority
15 January 2014

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