The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces today (Wednesday) that tender for a 5-year Government Bond (issue number 05GB1512) under the Institutional Bond Issuance Programme was held today.
A total of HK$2.5 billion 5-year Government Bonds were offered today. A total of HK$6.16 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.46. The average price accepted is 99.38, implying an annualised yield of 1.566%.
Hong Kong Monetary Authority
1 December 2010
HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS
Tender results of 5-year Government Bonds under the Institutional Bond Issuance Programme:-
| Tender Date |
: | 1 December 2010 |
| Issue Number |
: | 05GB1512 |
| Stock Code |
: | 4206 (HKGB 1.43 1512) |
| Issue and Settlement Date |
: | 2 December 2010 |
| Tenor |
: | 5-year |
| Maturity Date |
: | 2 December 2015 |
| Coupon Rate |
: | 1.43% |
| Amount Applied |
: | HK$6.16 billion |
| Amount Allotted |
: | HK$2.5 billion |
| Bid-to-Cover Ratio* |
: | 2.46 |
| Average Price Accepted (Yield) |
: | 99.38 (1.566%) |
| Lowest Price Accepted (Yield) |
: | 99.16 (1.612%) |
| Pro-rata Ratio |
: | About 70% |
| Average Tender Price (Yield) |
: | 99.11 (1.623%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
1 December 2010