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 3-year Government Bond (issue number 03GB1505) under the Institutional Bond Issuance Programme was held today.
A total of HK$3 billion 3-year Government Bonds were offered today. A total of HK$10.29 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.43. The average price accepted is 99.65, implying an annualised yield of 0.577%.
Hong Kong Monetary Authority
9 May 2012
HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS
Tender results of 3-year Government Bonds under the Institutional Bond Issuance Programme:-
Tender Date |
: |
9 May 2012 |
Issue Number |
: |
03GB1505 |
Stock Code |
: |
4213 (HKGB 0.46 1505) |
Issue and Settlement Date |
: |
10 May 2012 |
Tenor |
: |
3-year |
Maturity Date |
: |
11 May 2015 |
Coupon Rate |
: |
0.46% |
|
|
|
Amount Applied |
: |
HK$10.29 billion |
Amount Allotted |
: |
HK$3 billion |
Bid-to-Cover Ratio* |
: |
3.43 |
Average Price Accepted (Yield) |
: |
99.65 (0.577%) |
Lowest Price Accepted (Yield) |
: |
99.58 (0.602%) |
Pro-rata Ratio |
: |
About 83% |
Average Tender Price (Yield) |
: |
99.37 (0.674%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
9 May 2012