Hong Kong Monetary Authority - Tender results of the 2-year Government Bonds under the Institutional Bond Issuance Programme

Press Releases

02 Mar 2011

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 (Wednesday) that tender for a 2-year Government Bond (issue number 02GB1303) under the Institutional Bond Issuance Programme was held today.

A total of HK$3.5 billion 2-year Government Bonds were offered today. A total of HK$13.63 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.89. The average price accepted is 100.32, implying an annualised yield of 0.691%.

Hong Kong Monetary Authority
2 March 2011

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	:	2 March 2011
Issue Number	:	02GB1303
Stock Code	:	4207 (HKGB 0.85 1303)
Issue and Settlement Date	:	3 March 2011
Tenor	:	2-year
Maturity Date	:	4 March 2013
Coupon Rate	:	0.85%

Amount Applied	:	HK$13.63 billion
Amount Allotted	:	HK$3.5 billion
Bid-to-Cover Ratio*	:	3.89
Average Price Accepted (Yield)	:	100.32 (0.691%)
Lowest Price Accepted (Yield)	:	100.30 (0.700%)
Pro-rata Ratio	:	About 64%
Average Tender Price (Yield)	:	100.21 (0.745%)

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

Hong Kong Monetary Authority
2 March 2011

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