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 10-year Government Bond (issue number 10GB2108) under the Institutional Bond Issuance Programme was held today.
A total of HK$2.5 billion 10-year Government Bonds were offered today. A total of HK$6.2 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.48. The average price accepted is 103.11, implying an annualised yield of 2.124%.
Hong Kong Monetary Authority
3 August 2011
HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS
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Tender results of 10-year Government Bonds under the Institutional Bond Issuance Programme:-
Tender Date |
: | 3 August 2011 |
Issue Number |
: | 10GB2108 |
Stock Code |
: | 4209 (HKGB 2.46 2108) |
Issue and Settlement Date |
: | 4 August 2011 |
Tenor |
: | 10-year |
Maturity Date |
: | 4 August 2021 |
Coupon Rate |
: | 2.46% |
Amount Applied |
: | HK$6.2 billion |
Amount Allotted |
: | HK$2.5 billion |
Bid-to-Cover Ratio* |
: | 2.48 |
Average Price Accepted (Yield) |
: | 103.11 (2.124%) |
Lowest Price Accepted (Yield) |
: | 102.80 (2.159%) |
Pro-rata Ratio | : | About 46% |
Average Tender Price (Yield) |
: | 102.60 (2.181%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
3 August 2011