Tender results of the re-opening of 3-year Government Bonds under the Institutional Bond Issuance Programme

Press Releases

06 Mar 2013

Tender results of the re-opening of 3-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 2-year Government Bonds through the re-opening of existing 3-year Government Bond issue 03GB1505 under the Institutional Bond Issuance Programme was held today (Wednesday). 

A total of HK$3.5 billion 2-year Government Bonds were offered today.  A total of HK$7.03 billion tender applications were received.  The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.01.  The average price accepted is 100.21, implying an annualised yield of 0.364%. 

 

Hong Kong Monetary Authority
6 March 2013


HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS
_______________________________________________________________

Tender results of re-opening of 3-year Government Bonds under the Institutional Bond Issuance Programme:-

Tender Date

:

6 March 2013

Issue Number

:

03GB1505 (Re-open)

Stock Code

:

4213 (HKGB 0.46 1505)

Issue and Settlement Date

:

7 March 2013

Tenor

:

2-year

Maturity Date

:

11 May 2015

Coupon Rate

:

0.46%

 

 

 

Amount Applied

:

HK$7.03 billion

Amount Allotted

:

HK$3.5 billion

Bid-to-Cover Ratio*

:

2.01 

Average Price Accepted (Yield)

:

100.21 (0.364%)

Lowest Price Accepted (Yield)

:

100.17 (0.382%)

Pro-rata Ratio

:

About 82%

Average Tender Price (Yield)

:

100.14 (0.395%)

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

 

Hong Kong Monetary Authority
6 March 2013

Latest Press Releases
Last revision date : 06 March 2013