Hong Kong Monetary Authority - Tender results of the re-opening of 10-year Government Bonds under the Institutional Bond Issuance Programme

Press Releases

06 May 2015

Tender results of the re-opening of 10-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 10-year Government Bonds through the re-opening of existing 10-year Government Bond issue 10GB2408 under the Institutional Bond Issuance Programme was held today (Wednesday).

A total of HK$1.5 billion 10-year Government Bonds were offered today. A total of HK$4.610 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.07. The average price accepted is 103.20, implying an annualised yield of 1.851%.

Hong Kong Monetary Authority
6 May 2015

HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS
_________________________________________________________________

Tender results of re-opening of 10-year Government Bonds under the Institutional Bond Issuance Programme:-

Tender Date	:	6 May 2015
Issue Number	:	10GB2408 (Re-open)
Stock Code	:	4221 (HKGB 2.22 2408)
Issue and Settlement Date	:	7 May 2015
Tenor	:	10-year
Maturity Date	:	7 August 2024
Coupon Rate	:	2.22%

Amount Applied	:	HK$4.610 billion
Amount Allotted	:	HK$1.5 billion
Bid-to-Cover Ratio*	:	3.07
Average Price Accepted (Yield)	:	103.20 (1.851%)
Lowest Price Accepted (Yield)	:	102.88 (1.888%)
Pro-rata Ratio	:	About 90%
Average Tender Price (Yield)	:	102.02 (1.989%)

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

Hong Kong Monetary Authority
6 May 2015

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