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

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03 Sep 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 2-year Government Bonds through the re-opening of existing 5-year Government Bond issue 05GB1612 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$16.39 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 4.68. The average price accepted is 100.43, implying an annualised yield of 0.778%.

Hong Kong Monetary Authority
3 September 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	:	3 September 2014
Issue Number	:	05GB1612 (Re-open)
Stock Code	:	4211 (HKGB 0.97 1612)
Issue and Settlement Date	:	4 September 2014
Tenor	:	2-year
Maturity Date	:	8 December 2016
Coupon Rate	:	0.97%

Amount Applied	:	HK$16.39 billion
Amount Allotted	:	HK$3.5 billion
Bid-to-Cover Ratio*	:	4.68
Average Price Accepted (Yield)	:	100.43 (0.778%)
Lowest Price Accepted (Yield)	:	100.39 (0.797%)
Pro-rata Ratio	:	About 75%
Average Tender Price (Yield)	:	100.27 (0.849%)

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

Hong Kong Monetary Authority
3 September 2014

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