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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), announced that tender for a five-year Government Bond (issue number 05GB1512) under the Institutional Bond Issuance Programme was held today (December 1).
A total of HK$2.5 billion five-year Government Bonds were offered today. A total of HK$6.16 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.46. The average price accepted is 99.38, implying an annualised yield of 1.566%.
HKSAR Government Institutional Bond Issuance Programme
Government Bond Tender Results
Tender results of five-year Government Bonds under the Institutional Bond Issuance Programme:
Tender Date : December 1, 2010
Issue Number : 05GB1512
Stock Code : 4206 (HKGB 1.43 1512)
Issue and Settlement Date : December 2, 2010
Tenor : 5-year
Maturity Date : December 2, 2015
Coupon Rate : 1.43%
Amount Applied : HK$6.16 billion
Amount Allotted : HK$2.5 billion
Bid-to-Cover Ratio* : 2.46
Average Price Accepted (Yield): 99.38 (1.566%)
Lowest Price Accepted (Yield) : 99.16 (1.612%)
Pro-rata Ratio : About 70%
Average Tender Price (Yield) : 99.11 (1.623%)
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, December 1, 2010
Issued at HKT 12:31
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