The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces that the tender for a 2-year issue of Government Bonds under the Institutional Bond Issuance Programme was held today (Wednesday).
A total of HK$3,500 million 2-year Government Bonds were offered today. The Bonds were well-received by institutional investors. A total of HK$14,070 million tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 4.02. The average price accepted is 100.09, implying an annualised yield of 0.657%.
Hong Kong Monetary Authority
3 March 2010
HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS
Tender results of 2-year Government Bonds under the Institutional Bond Issuance Programme:-
| Tender Date | : | 3 March 2010 |
| Issue Number | : | 02GB1203 |
| Stock Code | : | 4204 (HKGB 0.70 1203) |
| Issue and Settlement Date | : | 4 March 2010 |
| Tenor | : | 2-year |
| Maturity Date | : | 5 March 2012 |
| Coupon Rate | : | 0.70% |
| Amount Applied | : | HK$14,070 million |
| Amount Allotted | : | HK$3,500 million |
| Bid-to-Cover Ratio* | : | 4.02 |
| Average Price Accepted (Yield) | : | 100.09 (0.657%) |
| Lowest Price Accepted (Yield) | : | 100.05 (0.676%) |
| Pro-rata Ratio | : | About 66% |
| Average Tender Price (Yield) | : | 99.96 (0.722%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
3 March 2010