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 3-year Government Bond (issue number 03GB1605) under the Institutional Bond Issuance Programme was held today.
A total of HK$3.0 billion 3-year Government Bonds were offered today. A total of HK$7.24 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.41. The average price accepted is 99.73, implying an annualised yield of 0.431%.
Hong Kong Monetary Authority
8 May 2013
HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS
_______________________________________________________________
Tender results of 3-year Government Bonds under the Institutional Bond Issuance Programme:-
Tender Date |
: |
8 May 2013 |
Issue Number |
: |
03GB1605 |
Stock Code |
: |
4217 (HKGB 0.34 1605) |
Issue and Settlement Date |
: |
9 May 2013 |
Tenor |
: |
3-year |
Maturity Date |
: |
9 May 2016 |
Coupon Rate |
: |
0.34% |
|
|
|
Amount Applied |
: |
HK$7.24 billion |
Amount Allotted |
: |
HK$3.0 billion |
Bid-to-Cover Ratio* |
: |
2.41 |
Average Price Accepted (Yield) |
: |
99.73 (0.431%) |
Lowest Price Accepted (Yield) |
: |
99.60 (0.475%) |
Pro-rata Ratio |
: |
About 12% |
Average Tender Price (Yield) |
: |
99.60 (0.477%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
8 May 2013