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

Press Releases

16 Jan 2012

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 that a tender of 10-year Government Bonds through the re-opening of existing 10-Year Government Bond issue 10GB2108 under the Institutional Bond Issuance Programme was held today (Monday). 

A total of HK$1.5 billion 10-year Government Bonds were offered today.  A total of HK$3.742 billion tender applications were received.  The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.49.  The average price accepted is 104.79, implying an annualised yield of 1.918%. 

Hong Kong Monetary Authority
16 January 2012

 

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

:

16 January 2012

Issue Number

:

10GB2108 (Re-open)

Stock Code

:

4209 (HKGB 2.46 2108)

Issue and Settlement Date

:

17 January 2012

Tenor

:

10-year

Maturity Date

:

4 August 2021

Coupon Rate

:

2.46%

 

 

 

Amount Applied

:

HK$3.742 billion

Amount Allotted

:

HK$1.5 billion

Bid-to-Cover Ratio*

:

2.49

Average Price Accepted (Yield)

:

104.79 (1.918 %)

Lowest Price Accepted (Yield)

:

103.50 (2.065 %)

Pro-rata Ratio

:

About 4 %

Average Tender Price (Yield)

:

102.01 (2.237 %)

  

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

Hong Kong Monetary Authority
16 January 2012

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Last revision date : 16 January 2012