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 03GB1605 under the Institutional Bond Issuance Programme was held today (Friday).
A total of HK$3.5 billion 2-year Government Bonds were offered today. A total of HK$11.11 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.17. The average price accepted is 99.28, implying an annualised yield of 0.675%.
Hong Kong Monetary Authority
7 March 2014
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 |
: |
7 March 2014 |
Issue Number |
: |
03GB1605 (Re-open) |
Stock Code |
: |
4217 (HKGB 0.34 1605) |
Issue and Settlement Date |
: |
10 March 2014 |
Tenor |
: |
2-year |
Maturity Date |
: |
9 May 2016 |
Coupon Rate |
: |
0.34% |
|
|
|
Amount Applied |
: |
HK$11.11 billion |
Amount Allotted |
: |
HK$3.5 billion |
Bid-to-Cover Ratio* |
: |
3.17 |
Average Price Accepted (Yield) |
: |
99.28 (0.675%) |
Lowest Price Accepted (Yield) |
: |
99.25 (0.690%) |
Pro-rata Ratio |
: |
About 96% |
Average Tender Price (Yield) |
: |
99.10 (0.762%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
7 March 2014