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