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

Press Releases

04 Feb 2015

Tender results of the 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 today (Wednesday) that tender for a 5-year Government Bond (issue number 05GB2002) under the Institutional Bond Issuance Programme was held today. 

A total of HK$1.5 billion 5-year Government Bonds were offered today.  A total of HK$5.605 billion tender applications were received.  The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.74.  The average price accepted is 99.19, implying an annualised yield of 1.231%. 

 

Hong Kong Monetary Authority
4 February 2015

 

HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS
_________________________________________________________________
 

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

Tender Date

:

4 February 2015

Issue Number

:

05GB2002

Stock Code

:

4225 (HKGB 1.06 2002)

Issue and Settlement Date

:

5 February 2015

Tenor

:

5-year

Maturity Date

:

5 February 2020

Coupon Rate

:

1.06%

 

 

 

Amount Applied

:

HK$5.605 billion

Amount Allotted

:

HK$1.5 billion

Bid-to-Cover Ratio*

:

3.74

Average Price Accepted (Yield)

:

99.19 (1.231%)

Lowest Price Accepted (Yield)

:

99.10 (1.250%)

Pro-rata Ratio

:

About 10%

Average Tender Price (Yield)

:

98.89 (1.295%)

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

Hong Kong Monetary Authority
4 February 2015

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Last revision date : 04 February 2015