The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces that a tender of 3-year Government Bonds through the re-opening of existing 5-Year Government Bond issue 05GB1411 under the Institutional Bond Issuance Programme was held today (Wednesday).
A total of HK$3 billion 3-year Government Bonds were offered today. A total of HK$7.025 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.34. The average price accepted is 104.77, implying an annualised yield of 0.468%.
Hong Kong Monetary Authority
2 November 2011
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 |
: |
2 November 2011 |
Issue Number |
: |
05GB1411 (Re-open) |
Stock Code |
: |
4202 (HKGB 2.07 1411) |
Issue and Settlement Date |
: |
3 November 2011 |
Tenor |
: |
3-year |
Maturity Date |
: |
3 November 2014 |
Coupon Rate |
: |
2.07% |
|
|
|
Amount Applied |
: |
HK$7.025 billion |
Amount Allotted |
: |
HK$3 billion |
Bid-to-Cover Ratio* |
: |
2.34 |
Average Price Accepted (Yield) |
: |
104.77 (0.468 %) |
Lowest Price Accepted (Yield) |
: |
104.45 (0.573 %) |
Pro-rata Ratio |
: |
About 34% |
Average Tender Price (Yield) |
: |
103.98 (0.728 %) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
2 November 2011