Tender results of the 3-year Government Bonds under the Institutional Bond Issuance Programme

Press Releases

05 Nov 2014

Tender results of the 3-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 today (Wednesday) that tender for a 3-year Government Bond (issue number 03GB1711) under the Institutional Bond Issuance Programme was held today. 

A total of HK$3.0 billion 3-year Government Bonds were offered today.  A total of HK$12.723 billion tender applications were received.  The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 4.24.  The average price accepted is 99.56, implying an annualised yield of 0.981%. 

 

Hong Kong Monetary Authority
5 November 2014

 

HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS
 _________________________________________________________________

Tender results of 3-year Government Bonds under the Institutional Bond Issuance Programme:-

Tender Date

:

5 November 2014

Issue Number

:

03GB1711

Stock Code

:

4224 (HKGB 0.83 1711)

Issue and Settlement Date

:

6 November 2014

Tenor

:

3-year

Maturity Date

:

6 November 2017

Coupon Rate

:

0.83%

 

 

 

Amount Applied

:

HK$12.723 billion

Amount Allotted

:

HK$3.0 billion

Bid-to-Cover Ratio*

:

4.24

Average Price Accepted (Yield)

:

99.56 (0.981%)

Lowest Price Accepted (Yield)

:

99.45 (1.019%)

Pro-rata Ratio

:

About 10%

Average Tender Price (Yield)

:

99.38 (1.042%)

 

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

 

Hong Kong Monetary Authority
5 November 2014

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Last revision date : 05 November 2014