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

Press Releases

06 Oct 2010

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 today that a tender of 10-year Government Bonds through the re-opening of existing Government Bond issue 10GB2001 under the Institutional Bond Issuance Programme was held today (Wednesday).

A total of HK$2 billion 10-year Government Bonds were offered today. A total of HK$6.3 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.15. The average price accepted is 106.69, implying an annualised yield of 2.142%.

Hong Kong Monetary Authority
6 October 2010

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 October 2010
Issue Number	:	10GB2001 (Re-open)
Stock Code	:	4203 (HKGB 2.93 2001)
Issue and Settlement Date	:	7 October 2010
Tenor	:	10-year
Maturity Date	:	13 January 2020
Coupon Rate	:	2.93%

Amount Applied	:	HK$6.3 billion
Amount Allotted	:	HK$2 billion
Bid-to-Cover Ratio*	:	3.15
Average Price Accepted (Yield)	:	106.69 (2.142%)
Lowest Price Accepted (Yield)	:	106.20 (2.199%)
Pro-rata Ratio	:	About 2%
Average Tender Price (Yield)	:	105.55 (2.276%)

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

Hong Kong Monetary Authority
6 October 2010

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