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 10-year Government Bond (issue number 10GB2408) under the Institutional Bond Issuance Programme was held today.
A total of HK$1.0 billion 10-year Government Bonds were offered today. A total of HK$3.044 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.04. The average price accepted is 97.78, implying an annualised yield of 2.487%.
Hong Kong Monetary Authority
6 August 2014
HKSAR GOVERNMENT
INSTITUTIONAL BOND ISSUANCE PROGRAMME
GOVERNMENT BOND TENDER RESULTS
_________________________________________________________________
Tender results of 10-year Government Bonds under the Institutional Bond Issuance Programme:-
Tender Date |
: |
6 August 2014 |
Issue Number |
: |
10GB2408 |
Stock Code |
: |
4221 (HKGB 2.22 2408) |
Issue and Settlement Date |
: |
7 August 2014 |
Tenor |
: |
10-year |
Maturity Date |
: |
7 August 2024 |
Coupon Rate |
: |
2.22% |
|
|
|
Amount Applied |
: |
HK$3.044 billion |
Amount Allotted |
: |
HK$1.0 billion |
Bid-to-Cover Ratio* |
: |
3.04 |
Average Price Accepted (Yield) |
: |
97.78 (2.487%) |
Lowest Price Accepted (Yield) |
: |
97.20 (2.555%) |
Pro-rata Ratio |
: |
About 68% |
Average Tender Price (Yield) |
: |
95.73 (2.729%) |
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Hong Kong Monetary Authority
6 August 2014