The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces that a tender of 10-year Government Bonds through the re-opening of existing 10-year Government Bond issue 10GB2301 under the Institutional Bond Issuance Programme was held today (Wednesday).
A total of HK$1.0 billion 10-year Government Bonds were offered today. A total of HK$3.364 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.36. The average price accepted is 86.68, implying an annualised yield of 2.803%.
Hong Kong Monetary Authority
15 January 2014
HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS
_________________________________________________________________
Tender results of re-opening of 10-year Government Bonds under the Institutional Bond Issuance Programme:-
Tender Date |
: |
15 January 2014 |
Issue Number |
: |
10GB2301 (Re-open) |
Stock Code |
: |
4215 (HKGB 1.10 2301) |
Issue and Settlement Date |
: |
16 January 2014 |
Tenor |
: |
10-year |
Maturity Date |
: |
17 January 2023 |
Coupon Rate |
: |
1.10% |
|
|
|
Amount Applied |
: |
HK$3.364 billion |
Amount Allotted |
: |
HK$1.0 billion |
Bid-to-Cover Ratio* |
: |
3.36 |
Average Price Accepted (Yield) |
: |
86.68 (2.803%) |
Lowest Price Accepted (Yield) |
: |
86.25 (2.863%) |
Pro-rata Ratio |
: |
About 62% |
Average Tender Price (Yield) |
: |
85.24 (3.004%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
15 January 2014