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

Press Releases

07 Aug 2013

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 10GB2301 under the Institutional Bond Issuance Programme was held today (Wednesday). 

A total of HK$1.5 billion 10-year Government Bonds were offered today.  A total of HK$3.259 billion tender applications were received.  The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.17.  The average price accepted is 86.32, implying an annualised yield of 2.775%. 

Hong Kong Monetary Authority
7 August 2013

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 

:

7 August 2013

Issue Number 

:

10GB2301 (Re-open)

Stock Code 

:

4215 (HKGB 1.10 2301)

Issue and Settlement Date 

:

8 August 2013

Tenor

:

10-year

Maturity Date

:

17 January 2023

Coupon Rate

:

1.10%

 

 

 

Amount Applied 

:

HK$3.259 billion

Amount Allotted 

:

HK$1.5 billion

Bid-to-Cover Ratio* 

:

2.17 

Average Price Accepted (Yield) 

:

86.32 (2.775%)

Lowest Price Accepted (Yield) 

:

85.26 (2.917%)

Pro-rata Ratio

:

About 10% 

Average Tender Price (Yield) 

:

85.27 (2.916%)

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

Hong Kong Monetary Authority
7 August 2013

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Last revision date : 07 August 2013