Tender results of the 2-year Government Bonds under the Institutional Bond Issuance Programme

Press Releases

01 Sep 2010

Tender results of the 2-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 that tender for a 2-year Government Bond (issue number 02GB1209) 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$12.89 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.68. The average price accepted is 100.05, implying an annualised yield of 0.456%.

Hong Kong Monetary Authority
1 September 2010

HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS

 

Tender results of 2-year Government Bonds under the Institutional Bond Issuance Programme:-

Tender Date
: 1 September 2010
Issue Number
: 02GB1209
Stock Code
: 4205 (HKGB 0.48 1209)
Issue and Settlement Date
: 2 September 2010
Tenor
: 2-year
Maturity Date
: 3 September 2012
Coupon Rate
: 0.48%
Amount Applied
: HK$12.89 billion
Amount Allotted
: HK$3.5 billion
Bid-to-Cover Ratio*
: 3.68
Average Price Accepted (Yield)
: 100.05 (0.456%)
Lowest Price Accepted (Yield)
: 100.00 (0.481%)
Pro-rata Ratio : About 78%
Average Tender Price (Yield)
: 99.88 (0.543%)

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

Hong Kong Monetary Authority
1 September 2010

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Last revision date : 01 September 2010