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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 tender for a 3-year Government Bond (issue number 03GB1505) under the Institutional Bond Issuance Programme was held today (May 9).
A total of HK$3 billion 3-year Government Bonds were offered today. A total of HK$10.29 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 3.43. The average price accepted is 99.65, implying an annualised yield of 0.577%.
HKSAR Government Institutional Bond Issuance Programme Government Bond tender results
Tender results of 3-year Government Bonds under the Institutional Bond Issuance Programme:
Tender Date : May 9, 2012
Issue Number : 03GB1505
Stock Code : 4213 (HKGB 0.46 1505)
Issue and Settlement Date : May 10, 2012
Tenor : 3-year
Maturity Date : May 11, 2015
Coupon Rate : 0.46%
Amount Applied : HK$10.29 billion
Amount Allotted : HK$3 billion
Bid-to-Cover Ratio* : 3.43
Average Price Accepted (Yield) : 99.65 (0.577%)
Lowest Price Accepted (Yield) : 99.58 (0.602%)
Pro-rata Ratio : About 83%
Average Tender Price (Yield) : 99.37 (0.674%)
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, May 9, 2012
Issued at HKT 12:33
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