The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces that a tender of 5-year Government Bonds through the re-opening of existing Government Bond issue 05GB1512 under the Institutional Bond Issuance Programme was held today (Wednesday).
A total of HK$2.5 billion 5-year Government Bonds were offered today. A total of HK$8.235 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.29. The average price accepted is 99.08, implying an annualised yield of 1.647%.
Hong Kong Monetary Authority
4 May 2011
HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS
Tender results of re-opening of 5-Year Government Bonds under the Institutional Bond Issuance Programme:-
Tender Date | : | 4 May 2011 |
Issue Number | : | 05GB1512 (Re-open) |
Stock Code | : | 4206 (HKGB 1.43 1512) |
Issue and Settlement Date | : | 5 May 2011 |
Tenor | : | 5-year |
Maturity Date | : | 2 December 2015 |
Coupon Rate | : | 1.43% |
Amount Applied | : | HK$8.235 billion |
Amount Allotted | : | HK$2.5 billion |
Bid-to-Cover Ratio* | : | 3.29 |
Average Price Accepted (Yield) | : | 99.08 (1.647%) |
Lowest Price Accepted (Yield) | : | 98.96 (1.674%) |
Pro-rata Ratio | : | About 98% |
Average Tender Price (Yield) | : | 98.59 (1.759%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
4 May 2011