Hong Kong Monetary Authority - Tender results of the re-opening of 5-year Government Bonds under the Institutional Bond Issuance Programme

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04 Sep 2013

Tender results of the re-opening of 5-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 5-Year Government Bond issue 05GB1512 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$9.485 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.71. The average price accepted is 101.53, implying an annualised yield of 0.742%.

Hong Kong Monetary Authority
4 September 2013

HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS
_________________________________________________________________

Tender results of re-opening of 5-Year Government Bonds under the Institutional Bond Issuance Programme:

Tender Date	:	4 September 2013
Issue Number	:	05GB1512 (Re-open)
Stock Code	:	4206 (HKGB 1.43 1512)
Issue and Settlement Date	:	5 September 2013
Tenor	:	2-year
Maturity Date	:	2 December 2015
Coupon Rate	:	1.43%

Amount Applied	:	HK$9.485 billion
Amount Allotted	:	HK$3.5 billion
Bid-to-Cover Ratio*		2.71
Average Price Accepted (Yield)	:	101.53 (0.742%)
Lowest Price Accepted (Yield)	:	101.45 (0.777%)
Pro-rata Ratio	:	About 93%
Average Tender Price (Yield)	:	101.24 (0.872%)

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

Hong Kong Monetary Authority
4 September 2013

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