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The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announces that a tender of 2-year Government Bonds through the re-opening of existing 5-Year Government Bond issue 05GB1411 under the Institutional Bond Issuance Programme was held today (September 5).
A total of HK$3.5 billion 2-year Government Bonds were offered today. A total of HK$10.266 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.93. The average price accepted is 103.62, implying an annualised yield of 0.380%.
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 : September 5, 2012
Issue Number : 05GB1411 (Re-open)
Stock Code : 4202 (HKGB 2.07 1411)
Issue and Settlement Date : September 6, 2012
Tenor : 2-year
Maturity Date : November 3, 2014
Coupon Rate : 2.07%
Amount Applied : HK$10.266 billion
Amount Allotted : HK$3.5 billion
Bid-to-Cover Ratio* : 2.93
Average Price Accepted (Yield) : 103.62 (0.380%)
Lowest Price Accepted (Yield) : 103.57 (0.405%)
Pro-rata Ratio : About 82%
Average Tender Price (Yield) : 103.47 (0.453%)
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, September 5, 2012
Issued at HKT 12:58
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