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

Press Releases

09 Jul 2014

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 05GB1902 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$5.895 billion tender applications were received.  The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.95.  The average price accepted is 99.12, implying an annualised yield of 1.676%. 

Hong Kong Monetary Authority
9 July 2014

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

:

9 July 2014

Issue Number 

:

05GB1902 (Re-open)

Stock Code 

:

4219 (HKGB 1.47 1902)

Issue and Settlement Date 

:

10 July 2014

Tenor 

:

5-year

Maturity Date 

:

20 February 2019

Coupon Rate 

:

1.47%

 

 

 

Amount Applied 

:

HK$5.895 billion

Amount Allotted 

:

HK$2.0 billion

Bid-to-Cover Ratio* 

:

2.95 

Average Price Accepted (Yield)

:

99.12 (1.676%)

Lowest Price Accepted (Yield) 

:

98.96 (1.712%)

Pro-rata Ratio

:

About 11% 

Average Tender Price (Yield) 

:

98.83 (1.741%)

 

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


Hong Kong Monetary Authority
9 July 2014

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Last revision date : 09 July 2014