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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 3-year Government Bonds through the re-opening of existing 5-Year Government Bond issue 05GB1512 under the Institutional Bond Issuance Programme was held today (November 7).
A total of HK$3 billion 3-year Government Bonds were offered today. A total of HK$8.2 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.73. The average price accepted is 103.11, implying an annualised yield of 0.409%.
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 : November 7, 2012
Issue Number : 05GB1512 (Re-open)
Stock Code : 4206 (HKGB 1.43 1512)
Issue and Settlement Date: November 8, 2012
Tenor : 3-year
Maturity Date : December 2, 2015
Coupon Rate : 1.43%
Amount Applied : HK$8.2 billion
Amount Allotted : HK$3 billion
Bid-to-Cover Ratio* : 2.73
Average Price Accepted (Yield) : 103.11 (0.409%)
Lowest Price Accepted (Yield) : 103.04 (0.431%)
Pro-rata Ratio : About 100%
Average Tender Price (Yield) : 102.94 (0.464%)
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, November 7, 2012
Issued at HKT 13:15
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