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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 today (February 19) that tender for a 5-year Government Bond (issue number 05GB1902) under the Institutional Bond Issuance Programme was held today.
A total of HK$3.0 billion 5-year Government Bonds were offered today. A total of HK$7.973 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 2.66. The average price accepted is 98.98, implying an annualised yield of 1.692%.
HKSAR Government Institutional Bond Issuance Programme Government Bond tender results
Tender results of 5-year Government Bonds under the Institutional Bond Issuance Programme:
Tender Date : February 19, 2014
Issue Number : 05GB1902
Stock Code : 4219 (HKGB 1.47 1902)
Issue and Settlement Date : February 20, 2014
Tenor : 5-year
Maturity Date : February 20, 2019
Coupon Rate : 1.47%
Amount Applied : HK$7.973 billion
Amount Allotted : HK$3.0 billion
Bid-to-Cover Ratio* : 2.66
Average Price Accepted (Yield): 98.98 (1.692%)
Lowest Price Accepted (Yield) : 98.85 (1.718%)
Pro-rata Ratio : About 81%
Average Tender Price (Yield) : 98.52 (1.789%)
* Calculated as the amount of bonds applied for over the amount of bonds issued.
Ends/Wednesday, February 19, 2014
Issued at HKT 13:00
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