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

Press Releases

07 Mar 2014

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 03GB1605 under the Institutional Bond Issuance Programme was held today (Friday). 

A total of HK$3.5 billion 2-year Government Bonds were offered today.  A total of HK$11.11 billion tender applications were received.  The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.17.  The average price accepted is 99.28, implying an annualised yield of 0.675%. 

 

Hong Kong Monetary Authority
7 March 2014

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 

:

7 March 2014

Issue Number 

:

03GB1605 (Re-open)

Stock Code 

:

4217 (HKGB 0.34 1605)

Issue and Settlement Date 

:

10 March 2014

Tenor 

:

2-year

Maturity Date

:

9 May 2016

Coupon Rate 

:

0.34%

 

 

 

Amount Applied 

:

HK$11.11 billion

Amount Allotted 

:

HK$3.5 billion

Bid-to-Cover Ratio* 

:

3.17 

Average Price Accepted (Yield)

:

99.28 (0.675%)

Lowest Price Accepted (Yield) 

:

99.25 (0.690%)

Pro-rata Ratio

:

About 96% 

Average Tender Price (Yield) 

:

99.10 (0.762%)

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


Hong Kong Monetary Authority
7 March 2014

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Last revision date : 07 March 2014